Industrials have gone nowhere for months, but some chart patterns suggest that may change soon. The SPDR Industrial ETF (XLI) touched a six-month low under $98 in early October before rallying back toward $106. The bounce also occurred at the 200-day simple moving average, a potential sign its longer-term uptrend remains in effect. Next, XLI had a very quick...
As we enter the final leg of the secular bull market, lots of folks are pointing to look at how broad the rally will be. Industrials have one of the cleanest, and healthiest charts of all the sectors that I can find. Classic consolidation/bull flag to test the 200d SMA and 50w SMAs. There are lots of ways to play this, but I see the sector having at least...
Industrials setup for trend analysis with oscillators, fibo and volume
Long $XLI Technical Setup $SPY $QQQ $SPX Strong bounce from Volume Shelf Broke trendline Above 8SMA First Target 107$
Details in photo. I like to keep things simple. Will wait for bullish candles above the 50 ma on the 15 minute timeframe before entry. Not advice...
XLI, the Sultan, was the ultimate DOW mover. He ruled over everyone including hedge fund managers. Tuesdays action to the upside was great but gave it up at the end of the day. Wed and Thursday continued to the downside. On Friday, the Sultan tapped the 8 day EMA and came back up but closed below previous day high. The issue with XLI is the channels are...
The biggest stocks in XLI are $HON and $BA Those are in our bearish watch-list for tomorrow $HON is making a triple top RSI is also overbought Blue Wave peaked Like and Follow!
Sector ETFs are great ways to make long term plays and gain more than just buying the broader market. We like industrials on several factors including re-opening. However, we can't emphasize enough that our system is more based on Reward to Risk Ratios and having the right Stop-losses on swing trades as well as long term investments. Industrials and Basic...
The select SPDR industrial ETF broke out to ATHs 4 days ago and now pulling back into that breakout level providing for a breakout/pullback entry setup. Watch that support level for signs of bottoming out and resumption of the breakout.
no confirmation = no trade no profit margin = no trade must get a confirmation on LTF Either 15M Timeframe or 10M or 5M we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in! that's how i enter 99% of my trades
Setting up to start working back up to the 90 level. Might be a nice swing next week. (2.1.21). 1) Volume is picking up over the last few days 2) RSI is looking higher. Still be low 50, but a move across the 50 line might signal a move back up. 3) MACD contracting toward bullish, might be a signal more bullish movements might be coming soon as people rotate out...
Possible count Expecting down trend corrective wave ② Practicing with Fibonacci tools