SPDR Select Sector Fund - Consumer Staples

XLP Arca

nuggetrouble

XLP - Consumer Staples are up 40% from their covid low, SPY is up over 90% since April 2020. A bottom in XLP/SPY has always signaled a larger degree market correction. Investors rush into XLP as a flight to safety. The ratio XLP/SPY looks like its chugging down still and have followed in the weakness of defensive stocks these past weeks. WAKE ME UP WHEN XLP...

FLEXxPointsx

1. EMA's crossing down? 2.Price near support and is oversold. 3. If price breaks through bottom oval we could see a true retracement to support. 4. I price breaks through top oval, we could see a retracement to the upside.

samitrading

- All else equal - We are far a way from any possible correction, or NOT !!! - We are far a way from the "Zero" line. - High risk using just this as an indicator.

murphycharts

Is it like Q4 2004 - Q4 2007? or Is it like Q1 2011 - Q2 2013?

DRWN_biz

Consumer staples setup for trend analysis with oscillators, fibo and volume

DiscordiaResearch

This morning, the UMCSI printed a 70.2, which is the worst number since March of last year and, prior to that, the end of 2011. If you were wondering why TLT is up 1.4% today, and XLP is crushing, while XLY and XLF are getting hurt, it's because a slowdown in consumer sentiment is REALLY bad for inflation expectations and retail spending. This further plays into...

jay_S_

The Discretionary vs Staples ratio (captured via the $XLY and $XLP etf's) serves as one of many proxies for a potential "Risk Off" signal. While it had been "Risk On" for a number of months, the evidence is mounting that the trend has reversed and market participants are now moving towards more defense and less offense. Be cautious of a sudden and crowded rush...

FLEXxPointsx

Details in photo! What do you think? Like, Follow, Agree, Disagree!

RHTrading

Discretionary vs. Staples = Economy Bullish / Economy Bearish Ratio rising = Discretionary > Staples Ratio falling = Discretionary < Staples Often a leading indicator of the 10yr yield (TNX) Will continue to track this potential new signal.

gordonscottcmt

What could it mean for the markets if XLP stocks outpaced XLY stocks?

dpuleo19

I have this quotient in my watchlist to monitor the risk appetite of the market. The AMEX:XLY ETF (Consumer Discretionary) is a good indicator of high risk appetite because its holdings are more focus on growth therefore are more volatile. And the AMEX:XLP ETF (Consumer Staples) is more focus in value stocks, therefore less volatile. AMEX:XLY with holdings...

burtnette

Consolidating at a reasonable level. We'll continue to see a different market than we've had over the past few years as long as this ratio is below the 1.618 extension imo.

cwood119

200-day moving average looks like a magnet. A bearish thesis could be based on a slow grind back down to this indicator.

WadeYendall

Here's another ratio pair I like to watch. Its SPDR Consumer Staples ETF vs SPX. This chart will rise when XLP out performs the SPX on a relative basis. As you can see the XLP/SPX has just come into a key support zone. If XLP/SPX breaks this support it's very bullish. However, if it bounces like is has in the past expect a sell off in stocks. Note.. the lower...

MariaDeFreitas

The twice-touched low is considered a support level.

WadeYendall

Until I get confirmation with price I have to maintain a bullish bias. Price of the major indexes continue to hold the highs in the midst of uncertainty and a slew of bad news and the defensive sectors (XLU/XLP) remain weak signaling a continued appetite for the riskier assets.

Tester-123

XLP - Daily Chart - Levels

ridethepig

🛒 Consumer staples is dealing with a remarkable situation on the macro front which we have discussed at earlier opportunities (see ALPHA PROTOCOL: SEEKING IMMEDIATE EXTRACTION). One should be wary of the immediate risk for a waterfall as consumer staples hang onto...