AMEX:XLY Top 10 holdings: Amazon.com, Inc.24.65% Tesla, Inc.13.65% Home Depot, Inc.8.97% McDonald's Corporation4.71% NIKE, Inc. Class B4.55% Starbucks Corporation3.91% Lowe's Companies, Inc.3.88% Booking Holdings Inc.3.27% TJX Companies Inc2.92% O'Reilly Automotive, Inc.1.88% Top 10 Sectors Retail Trade49.52% Consumer Services21.77% Consumer...
* Failed 2u on quarterly; still time to go outside quarter * Failed 2u on monthly; out of time to go outside, but negative momentum * Clear rejection of bearish trendline on weekly chart. No real support until it falls to 127 (currently 143.66) * Daily chart shows bulls mounted one more challenge to the trendline but that failed even harder. “If markets try to...
Sell XLY NOV 18 '22 131 Put Limit 0.45 GTC XLY daily retest of the trendlinebreak if we hold it we go higher.
Balance Breaker, XLY is losing steam quickly. True Fib reveals all...Low 09' to top in 21'
$XLY is the ticker symbol for the Consumer Discretionary Select Sector SPDR Fund. It is an exchange-traded fund (ETF) that invests in companies that are part of the consumer discretionary sector, which includes companies that sell non-essential goods and services such as retail, media, travel, and leisure. Its top holdings are: $AMZN, $TSLA, $HD, $NKE, $MCD,...
... looks like a bull flag here... If this breaks over 148 you should see those 2 stocks take a major leg up
large SPY Sectors (6) plus AAPL AND SMH I change timeframe to 2 min
Similar to XLC and XLK , XLY pulled back and retested its breakout area . Think we bounce this week back up to resistance of that yellow channel
Very bearish setup here... Obvious double top here. The close below 148 was a nail in the coffin. Might try and retrace back to 148 before heading lower. This should easily see tsla back to 180 minimum, Amzn 91 gap close
Been awhile since I charted XLY.. Rallied up to resistance last 3 weeks. Wedge pattern is showing here similar to Amazon chart (See link)... that's why I like to look at a stocks sector before I chart and trade the stock. Stocks that are heavily weighted in a sector tend to move more In sequence with the chart of that sector. The Daily CCI is up in...
Home loans, credit card loans, student loans, pay day loans, insurance, annuities, derivatives, pension funds, bond markets. Crypto and the stock market combined are no match for the world debt mountain. #investing #debt
Bulk box stores that rely on volume underperform during periods of contraction
Cycle from 11.15.2022 high is proposed complete as wave (1) at 126. Down from 11.15.2022 high, wave 1 ended at 138.20 and rally in wave 2 ended at 147.32. The ETF then extends lower in wave 3 towards 126.63 and wave 4 rally ended at 129.90. Final leg lower wave 5 ended at 126 which completed wave (1) in higher degree. Wave (2) rally is currently in progress with...
We took this one earlier today after waiting for a bounce at the lows this then quickly engulfed the lows. This is the most bearish of the SPDR charts and the clue that this would be a great trade was the Shakeout Reversal Pattern "SRP" leading to a bearish momentum candle to fall out of the bearish ascending wedge. This will easily get to the 1:1 @$108 but I...
The XLY has been mostly gone no where since May. Break out attempted but didn't go no wheres. We're back at the July 2020 levels. Could the price action be saying we're headed to a further 20%? That would put is back in April 2020. The red & green lines are clones.
Bumping it's head at the fib. Volume is also drying up here. Notice how tsla couldn't get over 230 and how Amazon is stuck at 120. Keep this end mine , with Amazon earnings around the corner and Elon buying twitter
Monthy chart here of XLY sector. Biggest weighted stocks in this sector Tesla 25% Amazon 25% Meaning what ever happens with this sector would have the most impact on those 2 stocks. Purple trendlines represent monthly channel (Uptrend) Fib levels are covid lows and ATH Thursday when the spy drop to 350 , XLY retested that trend support and bounced. Friday...