XLRE trade ideas
XLRE MA MACD Histogram just turned positiveThis is a Bullish indicator signaling XLRE's price could rise from here. Traders may explore going long the stock or buying call options. I identified 48 similar cases where XLRE's MACD histogram became positive, and 34 of them led to successful outcomes. Odds of Success: 71%.
$XLRE (Real Estate Sector) About to Rally UpWeekly Chart :
The Macro Picture looks positive due to the Trading above the MUT (Major Up Trendline).
Daily Chart :
The Intermediate Trend (The Grey Trendline) Contains 2 Minor Downtrends, and the last one is getting squized between the lines.
Looking for Penetration of the Current Minor Down Trendline and Continuation Towards $ 42.
Sector Rotation Spreads for the S&P 2 of 2Sector Rotation Spreads for the S&P 2 of 2. Using this in conjunction with the info from stock charts can help us see overall trends. Also with this data plotted we can then apply TA and Indicators to them as well to get some better insights in who potentially can outperform the index.
EPISODE 9/11: US REAL ESTATE:WAVE VARIATIONS& INDICATOR TA(XLRE)Episode 9/11 : US (SPX) Sectors Technical Analysis Series - 31st of July 2019
Brief Explanation of the chart ( since everything is labelled on the chart ): (1 minute read)
First and foremost : The XLRE Index was formed very recently(2016), so obviously due to the lack of data this analysis should be seen at most as informative . Now, let's break down the chart :
Weekly XLRE chart labelled with 2 large structural supports as blue( 30$ ) & purple( 34-35$ ) rectangles. Furthermore, the wave/cycle variation can be broken down to 3 most probably variations :
Variation #1 ( Purple ): If the economy continues to be in a great state. US-China deal goes through and Trump wins 2020. Most bullish Scenario.
Variation #2 ( RED ): Trump wins 2020, but the global economy slows down/Deal takes too long to be completed. Still a bullish scenario either way.
Variation #3 ( Blue ): Bearish scenario . Dems win 2020, in which case we will have a recession in the nearby future, thereafter.
This is it. I do not think there's anything more to be said. I always let my charts speak the words that I am not willing to put the effort to say/write.
This is just a brief "free" and very detailed analysis. Perhaps in the future I might form a premium group, to whose members I will provide all the details of my research.
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Check my Previous episodes on the US Sectors :
EPISODE 8 : US CONSUMER STAPLES (XLP)
EPISODE 7 : US CONSUMER DISCRETIONARY ( XLY )
Full Disclosure: This is just an opinion, you decide what to do with your own money. For any further references- contact me.
XLRE: Sell opportunity on recurring pattern.The Real Estate Select Sector SPDR (XLRE) reached a new All Time High today extending the aggressive bullish run since the start of the year. The candle pattern is very similar to the February - August 2016 when it made a peak after a +28.60% rise and declined below the MA200 with a first stop at -9%. The current price action appears to be following this pattern and is close to completing both the +28.60% rise parameter and the 175 day duration parameter. We are taking a short aiming at repeating the -9% initial decline (34.50) towards the MA200.
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