MATERIALS SELECT SECTOR SPDR FUND

The Materials Sector SPDR Fund has been in a bull trend since the end of the financial crisis. The trend has narrowed but remains upright since December 2016. The fund has been in a more specific trend channel since February and has created firm support and resistance levels. The fund is currently at that resistance level. Below I have laid out the reasons and ...

XLB Absolute 030317

We have a Cypher Pattern in the making right now however I will be entering this trade only if point D of the Cypher Pattern has completed.. If Trading is your primary income, it is very important to always have pending setups however you must stay disciplined and not fall into the trap of trading just because! Patience is key in this career and the more you ...

Materials and Finance both started the week flat, moved up for a couple days, then remained steady on Friday while the US and World markets were down. If the US and World indexes are up next week I expect much from these two! Real Estate and Consumer Staples (Non-Cyclical) were the clear Sector losers taking back all the gains they made early in the week to ...

XLB Relative 122916

XLB Absolute 122916

XLB/SPX 122216

XLB 122116

xlb

Short

XLB Skew - Bearish Sentiment XLBSubmit 46.45-0.05 (-0.1%)Materials Select Sector SPDR Traders are pricing in a larger-than-average implied volatility premium to buy downside puts relative to upside calls. Currently, the downside puts are trading at a +36.1% premium to upside calls, but the 52-week average is +28.5%. This suggests that traders believe there is more ...

Pullback which could be seen on dayly time frame as a shadow.

I think this situation is too complicated and I would suggest that you stay aside despite the triangel.

XLE still a big drag in cyclical.

Long materials supply

XLB, XLF, XLY, XLV, XLE, XLRE, XLI, XLU, XLP, XLK, VOX

XLB trades within uncertain territory both on macro and micro basis. On long term perspective price has failed its 10 and 5 year trends, and now trades between 2 macro levels - the 5-year mean at 41.50 and the 10-year uptrend border at 46.50. On short term perspective price also showing no particular trend - XLB is trading within 1st standard deviations from ...

XLB broke below the 8-month rising trendline support to reinforce the triangle top breakdown. The next support rests at 49.80 (June 9, 2015) and then 49.45 (200 day moving average). Below there would open 48.39 (March 26, 2015). It would take strength back above 50.60 (June 11, 2015) to stabilize and lift for 51.78 (May 8, 2015) near the triangle top resistance ...