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XLY

The End of a Tesla Era! Tesla missed on earnings. Huge decline for this leading EV stock. Tesla was already getting oversold on the daily chart, & now with this decline its a salavating opportunity for day traders. I still think the true swing trade level is a bit lower from here. This weekly close will tell us more. We have included an analysis of the XLY sector (Consumer Discretionary). We discuss 3 signals that have only ever happened over a 25 year period. The weekly Golden Cross. Often this Weekly Golden cross is bullish long term but historically weak price follows in the short term.
AMEX:XLY
by Trading-Capital
General Market OverviewThis video is the first of many, and I discuss the behaviors of the sectors and potential markets that are poised to trend in the near future. The "freshest" sectors quietly trying to start a new trend are the Industrial and Consumer Discretionary Sectors. The sectors (along with their industries) I think should be on every trend follower's radar are: XLF - Financials Sector (including some real estate stocks): setting up to break out of its 5 month range; main movers are the bank industry (not the Goldman Sachs and Morgan Stanley kind of banks) XLI - Industrials Sector: breaking out today with the possible trend beginning here in an unpopular sector; main movers are the service industries XLK - Technology Sector: obvious uptrend that should be followed with caution, but is getting ready to continue; main movers are the software and IT services & consulting industries XLP - Consumer Staples Sector: in early stages on uptrend with possible correction or continuation in the near future; moved by multiple industries XLRE - Real Estate Sector: also in the early stages of possible uptrend; main movers of sub-sector have been REITs XLU - Utilities Sector: also in the early stages of possible uptrend; main movers are electric utilities industry XLV - Health Care Sector: uptrend already in motion with test of all-time highs today, with great potential for trend continuation; main movers are medical equipment and managed health care industries XLY - Consumer Discretionary Sector: breaking out today with the possible trend beginning here in a sector where the media does not favor much; main movers are the apparel, discount, footwear and auto industries (mostly retail) I am going to do more videos on how I diversify my portfolio, and how to create such a portfolio according to what is moving in the whole market so it would be great to get feedback from this video that I can include in those, and also ideas on material you would like to see more of! Thanks, enjoy.
AMEX:XLY
by themdtrader