SPDR Select Sector Fund - Consumer Discretionary XLY

midnitepoet

AMZN, The poster child for Discretionary Spending is already showing cracks in it's armor! But what will happen when the FED gets rolling? Stay tuned...

NAK1987 Premium

This is one trade that I honestly lost interest in because it kicked my butt, so far ;) , and then I missed the wedge drop on Friday busy at work. But in hindsight, that's just emotions and my regency bias making excuses. Simply put , I should have entered Friday on the wedge drop plain and simple at work or not .... So, that being said, I decided that if I was...

bcrossley Premium

Confluence among VIX7d,VVIX7d, F&G indicator.

burtnette Pro+

Target hit intraday today. Bounce time for "growth" stocks?

supere Pro+

Boing, boing, boing!!! Should be a wonderful bouncing decade!!!!! All that free food gotta go somewhere, right???

burtnette Pro+

Lower low here. Still looking for target at the 0.618 retracement. Might be a good spot to look for longs in growth stocks.

DRWN_biz Pro+

The pressure is immense. Consumer getting less confident, supply chain disruptions still on, producers prices pressing the margins. No happy ending here

NAK1987 Premium

Well title says it all lol , another close under the 50 and significant moving averages but hidden support . Hourly range around the 50 sma here .... Need to take out the wizard down at 176 area , he seems to be running low on mana though one side will win eventually ... Put my stop a tiny bit higher this time around ... Entry 178.52 Stop 182.76 PT 170.5

NAK1987 Premium

Trying this again . Stage 4 decline Recent Death cross series of LL and market is in RTM ( red trading mode ) both spy and qqq below 21 ema's on daily . After being stopped out today in the am , price was not able to close strong, closed near the low of the daily range . Below the 10/21 ema's , 200 ema and 50 sma. Entry 176.3 Stop- 180.81 PT - 165.9 ( de risk )

NAK1987 Premium

Market is in red trading mode , SPY and QQQ now both below their 21 emas. XLY , Slightly stronger than XLY but we still were not able to follow through on out HH , so far at least . We also have LL's though too . Stage 4 downtrend looks plausible at this point , might be forming a range ? Entry 176.09 Stop 179.68 PT 168.92, sell half and go BE on stop

SPY_VIX_TRADER Pro+

XLY has rallied to and thru previous support on decreasing volume. It is currently oversold and retesting the previous swing high. The main holdings in XLY are: - Amazon -Tesla (these two make up over 35%) -Home Depot -Nike -McDonald's -Lowes -Starbucks -Target -Booking -TJX Consumer disposable income is hovering around the Jan 2020 lows (fred.stlouisfed.org...

burtnette Pro+

Failing 1.272 extension. I ultimately expect to see this ratio back at the 0.618 retracement (sub 2.00). As long as this ratio is under pressure, staples > discretionary stocks. If you're wondering how to play this, look up the holding in each etf. Look for shorts in stocks in XLY and longs in stocks in XLP.

DRWN_biz Pro+

A rebound is due - strong retail sales and housing stats will support the sector despite the growing inflation concerns.

NaughtyPines

... for a 2.24 debit. Comments: Taking profit here ... . Filled for a 4.02 credit (See Post Below). Closing it out today for 2.24 results in a 1.78 ($178) profit.

DRWN_biz Pro+

Cooling off consumer confidence affects the sector despite raise in wages. Inflation puts even more pressure on demand

NaughtyPines

... for a 4.02 credit. Comments: At the top of my exchange-traded fund list for implied volatility rank at 92 with a 39-day of 39.8%. Selling the 17's on both sides. 4.02 credit on buying power effect of 17.73; 22.7% ROC at max; 11.3% at 50% max.

burtnette Pro+

Nearing a support zone after a false breakout of the 1.618 extension. Could see a bounce in growth stocks end of month into Feb if it holds. Given the false breakout, I anticipate this support zone to ultimately fail in the coming weeks/months.

burtnette Pro+

Quite the move today in the XLY/XLP ratio. Well below the 1.618 extension now. Longer it stays below, the harder it'll be for growth stocks to move up imo.