Episode 9/11: US (SPX) Sectors Technical Analysis Series - 31st of July 2019
Brief Explanation of the chart(since everything is labelled on the chart): (1 minute read)
First and foremost: The XLRE Index was formed very recently(2016), so obviously due to the lack of data this analysis should be seen at most as informative. Now, let's break down the...
XLRE and VNQ continue to run as investors both reach for yield and look for more defensive assets.
XLRE is showing a pennant at all time highs. Could break out.
I already have a position, and would add on any dips.
Sector Rotation Spreads for the S&P 2 of 2. Using this in conjunction with the info from stock charts can help us see overall trends. Also with this data plotted we can then apply TA and Indicators to them as well to get some better insights in who potentially can outperform the index.
The Real Estate Select Sector SPDR (XLRE) reached a new All Time High today extending the aggressive bullish run since the start of the year. The candle pattern is very similar to the February - August 2016 when it made a peak after a +28.60% rise and declined below the MA200 with a first stop at -9%. The current price action appears to be following this pattern...
The SPDR fund tracking the Real Estate Sector (XLRE) has been in a clearly defined upward trend since November 2016. As of the close on May 12, this fund is at the bottom of the cycle which is near a strongly established support. The projected future movements are highlighted below.
When we take a look at other technical indicators, the relative strength index...