SELECT SECTOR SPDR TRUST SBI CONSUMER DISCRETIONARY AMEX:​XLY

#XLY consumer discretionary/cyclical consumers

#XLI - industrials sector etf

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.

XLP/XLI

Industrial to Staples Ratio

just a few lines nothing special

short

- 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.

I have been a huge component of growth slowing, and the cyclical/defensive proxy of XLI/XLU is a clear indicator that the growth outlook is mixed at best. Not only that, you might be a beta (probably the bad kind). When you see both growth and inflation slowing on a rate of change basis on the back drop of higher volatility, you must always look to long low beta,...

XLI needs C wave up to complete and end the correction

Yet another bullish take on a US sector but this time I have included a bearish alternative in the red count. I prefer the blue count.

Another US sector chart fitting the mold for a 5th wave up. Bouncing nicely between it's yearly R1/S1 pivots.

Consumer Staples (usually a defensive investment) are taking precedence over Consumer Discretionary (usually aggressive posture, when all is well) in October. We are pressing lower and showing the largest drop in a while. This is potentially a leading indicator of some kind of slowdown coming.

Well, with industrials falling out of bed the last momentum growth areas crumbled. Tighten up your longs, Mr Market taking us for a ride.

According to fibs from 07/08 high/lows.... Could see some more run in the XLI. Looking for $85.

Levels I am looking for: approaching first support.

Looks like the industrials are still poised to deliver fuel to this raging bull market. When it gets into the major top zone, I'll start becoming more defensive in my portfolio allocation