The primary uptrend is coming to end; divergence and slacking indicators all point to consolidation at a minimum and probably a trend reversal. Exit-long is the least investors should consider. Depending on developments around the 53.05-area investors can also study potential shorts within the sector or short the sector as a whole.
Down side potential is decent: ...
XLP READ COMMENTS ON CHART FOR MORE INFO. Heavy Volume entering the market at the top of this current range, Dark BLUE box is where, Buy until we break it. Targets listed below.
higher time frame is showing defined uptrend with an over-extension on breakout pulling back
mid time frame is showing markup to distribution to consolidation for the next leg down
descending triangle is forming against downtrend line and multiple test of support is showing weakness
possible breakdown to breakout level of 55.7x on higher time frame- first level ...
The Consumer Non-Cyclical Sector SPDR Fund has been in a bull trend since the end of the financial crisis. An internal and stronger bull trend has taken shape since shortly after the US elections in November 2016. However, this fund is currently near its long-term resistance point which will most likely lead to one of two future moves. The fund could break above ...
Fund Strategy
The Fund seeks to provide investors with low-cost "passive" approach for investing in a portfolio of equity securities of firms as represented by the Consumer Staples Select Sector Index.
If you look on Weekly and Monthly charts, at an all time high now & gives out around 0.30 cents per share dividend, which should be in June soon. Just might be ...
With volatility this low I am looking for trades with IV percentile in the last 6months of above 25. XLP have an IV Rank of 14.5 which is low, but IV percentile of 33.5 in the last 6 months (which would meet with my criteria). I am placing an skewed Iron Condor, betting that it will stay within the expected move with a little skewed to the downside thinking ...
the KC dropped below the BB line, and the squeeze is now in the red, looking for a sharp drop here. I placed 57DTE bear call spread risking 2 to make 1. I noticed this same pattern developing on the financial earlier this week (XLF), but hesitated and really wish I hadn't. So now its consumer staples turn.
The yellow box indicates profit zone for the options
It was a very impressive week for XLP – actually it’s 3rd impressive week in a row. What is XLP? Milk, bread, salt, cigarettes. Just when do we usually have a higher demand for this? Anticipating the tough times to come.
I monitor XLP and its correlations with other ETFs to get a bigger picture and – probably - some real advance signs of what to expect. This ...
The situations when the broad market and defensive sectors move in the same direction are quite rare - on normal market :-). The reason - participants reshufflle their money. We're now experiencing this unusual situation. Looks like this money just do not want to wait for correction and started to hedge beforehand.
Almost same chart we ahve now in XLU
This is an update to the XLP post of four days ago 1/17/17.
XLP has reached the lower area of the resistance target zone.
Wave "C" has moved above the termination point of wave "A" and has a clear five wave sub division.
There is a high probability this ETF will begin a new decline on 1/23/17.
This ETF is lagging the broader stock market by a wide margin.
If XLP ...
One of the very many factors that indicate the broader US stock market could be at a significant top is the SPX sector ETF - XLP. This ETF is Consumer Staples one of the nine SPX main sectors.
XLP represents the bluest of blue chip stocks and usually the very last stocks to make a top in a bull market. This sector has been lagging the broader market for months, ...
