names like this got crushed over past two months if you own this ETF, or underlying components, and you had a massive drawdown where do you start unloading inventory? because that's a good place to short.
Hey all, I noticed that XLB held its most significant and clear support level today. I think it currently presents a favorable risk:reward trade.
Hey y'all, On XLB, there is little to suggest that we aren't going to have a counter-trend rally in July. That being said, there are even fewer things suggesting that said rally would not be faded, though predicting where exactly the rally will be faded is an incredibly difficult task. If it somehow manages to push its way up to $82/share, I think it would be...
The worst may not be over. A 8% inflation is very hard to fight even with monetary & fiscal policy because the FED could only control the demand side & not the supply side of inflation. With the FED making it very clear that it wont stop until inflation comes down, we may be seeing aggressive rate hikes leading to layoffs & demand destruction in the near future &...
this is each SPDR fund since inception in 1998. Each sector is materials, energy, finance, industrials, technology, essential goods/services, utilities, healthcare, and non-essential goods/services. We can see how Energy looks as if there is more room to run which means more pain for stocks be careful traders and investors alike.
Good point for a rebounce. Chemicals look especially nice. But it's still a sideways movement, needs to breakout either way
Materials have benefited from late cycle, but lately they they underperformed and now need a good bounce back
Trading plan on chart. Need a break and retest of the $94 area before adding positions. Favoring a corrective wave to add new positions. Earnings season could be the catalyst to spike into an ending diagonal (pointed out on chart). This could be one of the top sectors for 2021 but I'd like to wait for a pullback to add. If you get anything from this post please...
Conviction: 4/5 General Thesis reaching long-term upper bound on channel (2007) Weekly RSI showing bearish divergence weekly MA look like they might be turning over Timeframe: 1 year-ish Growth N/A Value N/A Fundamentals N/A Potential Risks continued inflation + seller pricing power could go on for longer
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
The setup is hinting at resistance breakout with Stoch rising and higher lows in place
The U.S. Senate voted to advance a $1 trillion infrastructure package on Saturday. XLB may be benefited from this package. Bias on the upside. TP: $89 Trade Safe
Break below 100D MA. Eying on 200D MA around 78.6% FIBO
Details in photo! What do you think? Like, Follow, Agree, Disagree!
Materials sector vs SPY. Metals and mining starting to look a lot better. Ive been holding FCX for months. Also have some positions in silver. Will continue to watch.
XLB Materials ETF will outperform the SPY. Cyclical stocks are on fire right now and likely to outperform for at least the next 1-2 years. XLB breaking out from trend line