Gap filled and buyers stepped in some so far today
Long term trade here. Consumer spending in the US not likely to return. Higher borrowing costs with house hold debt near all time highs is not doing anyone any good.
Summary: Comcast and Home Depot dragging down price. Amazon is keeping it from falling further
If preice goes throug support level there is a good short to next support.
2009 Cross -> bullish (like Murphy described in his book) 2016 Cross -> bearish?
$XLY just hit a strong daily resistance zone after bouncing from the 200 days MA. The Resistance Zone includes several trend lines that now collide into one 1$ wide Price Zone that should prevent $XLY from advancing higher. 79-80$ is the potential Sell Zone Stop loss should be above 82$ and first target Zone is 77$ (200 days MA) Below 77$, things can turn into...
When signs of an economic recovery appear, consumer discretionary stocks usually lead a stock market recovery. Consumer discretionary stocks tend to outperform the stock market during strong economies, but they generally underperform in weak economies. The stocks of of consumer discretionary companies tend to lead a general stock market decline at the beginning of...
As you can see there is a Heand & Shoulders going on, and under the WMA 200 Is the rally near to end?