SPDR SELECT SECTOR FUND - CONSUMER STAPLES

AMEX:​XLP

Hi, my name is Spencer and it's been a long time since I've posted any ideas. I use to be a forex trader for many years and due to time constraints with my great full time job and becoming a dad, I've switched to trading stocks and specifically options. For this trade, I am entering a short position on XLP by buying the 55$ strike for about 5 dollars per ...

Consumer Staples slump due to amazon effect, higher interest rates, weak earnings performance, trade wars. Multi-year technical support level and divergence in recent drop from all time high. Value managers buy the dip. Play the bounce.

Well , we broke the highs in this pair. This shows that investors still think that the dip was as its called , a dip. I will be watching the first zone demarcated by the rectangle. That's the floor and should hold, if not , We are in for a rough ride.

XLP is just getting started and is lagging a bit. Im looking to take profit above $54 strike. So far so good. Lets see it contiue the break out similar to how SPY has.

We are still in a pullback area in the SPX , and we are very close to lows . That prompted me to investigate what are people doing , are people long or bearish the SPX. With further investigation, This ratio shows that a sector rotation out of Staples into energy is not underway , far from it. I hence think that the lows in the SPX are going to hold.

Here we broke through the lows, that confirmed that this sector is weak. So here is a simple setup. I want in if and only if we have a lower low , immediately XLP makes higher highs , I would be wrong.

Bullish Gartley with bullish divergence. Pattern is also showing a nice reversal doji candle. Measurements - .786XA - AB=CD - 1.618BC

XLP has completed a bearish rhino pattern and is also showing bearish divergence on the VW-MACD. Rhino Measurements - 1.27XC - XA=BC (.618/1.618) - 1.618BC - 2.618AB=CD

Staples has lagged behind compared to other sectors with positive estimate revisions. Consumer staples is among the worst performing sectors in the s en p 500 over the last twelve months. Buy what is cheap.

I came across an interesting pattern on consumer staples ETF (XLP). The pattern is a channel spanning almost 9 years. The pattern is well tested and respected (7 reversals on the lower bound, 6 reversals on the upper bound) Over the past two years, the ETF has consolidated gaining only 2% per year. Despite the consolidation, the ETF has an annual return of 22% ...

AMEX:XLP

@SunAndStorm @HOESTHEMBRAEY @rahagar @ETFSwingTrader @crosshairtrader

Selling being absorbed? breakout watch long over 57.40

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XLP on the 15-minute chart rallied out of its base. If prices reaches the demand zone between 56.04 and 55.97, I'd want to be a buyer.

AMEX:XLP

AMEX:XLP

long to 55.50 buy at 54