SELECT SECTOR SPDR TRUST SBI CONSUMER DISCRETIONARY

NYSE ARCA & MKT

XLY

Welcome! Today we'll have a look at an interesting development in the S&P500, as well as look back at some past history making events. First up, I'm not predicting anything. I'm not in the business of predictions because it's a fools errand. I trade what happens, and until something happens all of this is academic. However, I am in the business of making money,...

I heard some interesting commentary this week from the pros about watching for signs in the cyclical:defensive sector ratio. I put together this chart using (XLK+XLI+XLB)/(XLP+XLU+XLV). It is a composite of tech, industrials and materials indexes as a ratio to staples, utils and health sector indexes. The chart ratio is about 1:1 right now. In a late stage...

Episode 7/11: US (SPX) Sectors Technical Analysis Series - 18th of July 2019 Brief Explanation of the chart: XLY- Consumer Discretionary sector index has proven to be one of or if not the best performing sector since 2009. "Rubber-band" theory of recessions does support this bounce in performance based on the negative sentiment in 2009 during which the...

Episode 5/11: US (SPX) Sectors Technical Analysis Series - 17th of July 2019 Brief Explanation of the chart: Squares represent past and future structural supports. Since 2009, the bulls have used Monthly MA 50(Weekly 200) support, labelled as the purple line. The latest bullish channel leading to wave 5 can have 3 potential targets: 85$, 94.5$ and least likely...

PA sell off last few days to Mid BB% Daily RSI Oversold Found S&R at 76.3 Looking for consolidation and then reversal to mean back higher. Aiming for 76/75 Put Credit & 77 Call option for Directional bias higher. Exp Aug 16 but selling to close in Profit well before that.! NB = DE (previous setup) is in the Same Sector so be continuous of Sector...

The XLI looks poised for another leg lower after unsuccessfully retesting the breakdown from early May ($76-$77 level). After a strong bounce out of the descending wedge in early June, the XLI could be carving out a channel off of the top it printed in early April at $78.95. This bounce came right into previous support (the 4/25 low at $76.59) and reversed lower...

opened 115/116 bear call spread july exp for .32 credit

open 115/116 bear call spread for .32 credit

one to consider

#XLI - industrials sector etf

#XLY consumer discretionary/cyclical consumers

XLP/XLI

Industrial to Staples Ratio

just a few lines nothing special

short

Calling the top for this one. Healthy rally in an unhealthy trend. But a spot on-crystal clear type of top pattern I'd definitely recommend getting in on anywhere within the $105-$106 range. Anything above the first resistance trend-line I'd be somewhat quick to let a stop loss run its course.

- unexpected strong for XLY - touch the upward trending - 5 waves obviously for current big A or 1 - new higher high and higher low - still facing resistance around 100.81 - price and MACD/RSI divergence looking forward to consolidation from 97 to 100 not a good buy opportunity for now, neither for short if it turns out to be super strong - big jump up or suddenly...

The right shoulder of XLY is about to complete, my indicator is about to break too. Watch for signals to short.