AVB has a death cross that is approaching. This pattern still favor's a near term bounce but will likely resume its longer term downtrend once buy the dippers are exhausted. This is a trend that is not your friend.
Vici properties is showing weakening in its trend. This has been directly tied to the weakness in XLRE - real estate We believe VICI properties has much more downside. This specific Real estate play also has much property exposure to the casino type names. With many of the Casino charts like MGM, LVS looking "topheavy" this may be a correlated play that already...
Discussing all the major weekly trends for each sector.
Discussing all the leading sectors 0:15 XLK 1:40 XLV 3:45 XLY 4:45 XLC 5:37 XLP 6:26 XLF 7:33 XLI 9:00 XLU 10:54 XLRE 12:14 XLB 13:15 XLE
Discussing all the leading sectors and stocks to identify major trends. This weekly timeframe is suitable for longer term investors but insightful for traders.
Looking into all the major sectors of the S&P 500 to see if this breakout can be trusted. we review all sectors on a weekly basis to provide insights of the overall market. Most sectors have not broken out & trading at major resistance.
Into massive resistance. Likely see a 6-10% pullback in the near term
I called this bull flag a while back and its READY!!!!!! Lets gooo
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...
$PVH is a company that brings you the brands like Tommy Hilfiger for example. I am looking for this to head back to the down side as we are starting to get into the new year. Bullish case: crossing above the psychological level of 70 this will make some noise as we are currently in high low territory. If there is a strong amount of support, it will retest 72 and...
on the daily chart TJX right now setting up for a bull flag looking for a $15 move to the upside
i like the come HD showing from all times lows it made a %50 retracement but they are not out the woods yet would like to see a 61% or 75% retracement first
Consumer Staples continue to strongly outperform Consumer Discretionary. Growth stocks remain quite bearish. Value continues to outperform.
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.
These charts speak for themselves. Be cautious.
$XLY's quarter ends with an inside shooter that may lead to a 2-1-2 bearish continuation. Because of this, I'll be looking to short Consumer Discretionary stocks.
XLY Consumer Discretionary could be seeing the effects of the bullwhip effect that Michael Burry has been warning about. Big inventory builds means prices are set to crash hard? Will be interesting to see if he is right.
XLY is testing the recent breakout level (former resistance). A hold here would be viewed in a bullish context as former resistance will have become support. This is a key ETF to watch considering the heavy weights of AMZN and TSLA. - Jamie