With the bad news from BBBY the retail bubble finally seems like it's gonna pop. No more stimulus or unemployment supplement.
It's been rangebound for a while now, but with today's drop A/D looks a bit different.... I think it's downhill from here, but I have no idea what the chart will look like so I'm just throwing an extended red arrow out there, lol.
Whats The Plan/Trade/Thought
Market is returning to a Bullish / Ranging state
With the Evergrande dip it seems we now have room for another bullish retracement
XRT had no major reaction to Evergrade dip and is rising with the market and is now about Evergrande. Pricing at 0.50 seems decent (11% from strike) -80, 60, strike 85
XRT has the best contract...
This is Track 1, Trade 1 of the September trades. This trade generally follows the larger market bullish move as it seems like Retail is taking the Delta virus and inflation news on its stride.
There will be price drops if those concerns surface again, but from what I've noticed, its all very short term. We also see retail hiring more aggressively and in the...
Is AMZN going into brick & mortar putting the dagger in everyone else? Or is this a short GME play (GME is 6.74% of this ETF with the next largest being MGNI at 2.22%)? Short below ath for me.
Re entered this trade as it seems like the market is stabilizing and did not continue it's drop. This drop was due to the inflation concerns and the increasing delta virus cases in US
Sold 45 Puts @ 0.53 Strike 86
BP Block: 54K
Max Gain: Est $2385
% Distance to Strike: 10.76%
I entered this XRT trade with a high BP of 59K because I wanted to reduce my exposure on VXX. I'm getting the feeling that the market is reaching a stage where the bullish steam is running out. Especially with rising Inflation concerns.
VXX to me is dangerous because it is exposed to Tech stocks which are currently sky-high and a drop in tech could be pretty...
Retail sector driven by GDP (fiscally supported) and consumer spending support = a "short" on the inverse situations.
So when the fat lady stops singing...you know what buttons to push 😂😂
I originally planned for XRT to take up 45% of my BP but some how my week earlier VXX trade's required BP suddenly increased and so for July XRT is back to around 30% BP
So far it seems like the inflation worries have been quietened at least for the time being. I do feel it is a matter of time. This is why I need to reduce my exposure to VXX as it is very...
Did you miss us, wolves?🔥
There is a great formation only for you!
AscendingTriangle on XRT.
However do not rush the trade and wait for the clear signal.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
Follow the chart and look for the breakout...
XRT is my JETS replacement. This month I was also trying to enter JETS but I couldn't get in at a good price.
XRT is an ETF reflecting the US retail industry, specifically the Consumer Discretionary segment. I selected them because with the pandemic optimism and the decreasing unemployment, I expect the customers to be less tight on their retail habits especially...
In a Stage 2, above inclining 10 & 30 week moving averages
Still out performing spx
Keep an eye on any close below 10 week moving average for slow down.
I am diversifying beyond selling puts on JETS as it seems to have had a significant bullish run.
XRT is an ETF reflecting the US retail industry, specifically the Consumer Discretionary segment. I selected them because with the pandemic optimism and the decreasing unemployment, I expect the customers to be less tight on their retail habits especially on everyday...
GME became around 20% of the weighting of this ETF from around 1.5%
If you haven't been investing on the Reddit Frenzy, and you wish you had; now is your second chance.
21ema is the support level to watch currently, as it has held in the past; and is giving great risk-reward as we are just above it.
Volatility can be extreme, so set clear defined limits to...
Arca
