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SPDR Select Sector Fund - Consumer DiscretionarySPDR Select Sector Fund - Consumer DiscretionarySPDR Select Sector Fund - Consumer Discretionary

SPDR Select Sector Fund - Consumer Discretionary

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XLY trade ideas

Volatility in Consumer Discretionary driven by AMZN and TSLA.The heavy presence of AMZN and TSLA in Consumer Discretionary makes the sector more volatile. However, I don't see an issue with the trend. Buyers may view levels up to $192.55 as a buying opportunity, especially with AMZN’s high potential from its broad range of innovative ventures. Although TSLA raises some concerns, AMZN could act as a balancing force, or TSLA might follow AMZN’s lead. My price target for the fund is around $212.55, aligning with the 1.618 Fibonacci level, and AMZN could reach Wall Street's $220 target, which I find reasonable.
AMEX:XLYLong
by Tolgaun6
XLY Weekly ChartIt's crazy how this sector hasn't fully recovered from its fall in 2021. Some of the laggards in the top 10 are TSLA, NKE, SBUX. The other 6 companies have have recovered pretty well from their 2021 drops in price, and some have gone past to make new all times highs. I'm bias about this sector simply because it makes a large percentage of my personal portfolio. If we looking at the chart it has recovered to its 61.8 fibonacci level. I believe the trend will continue to the upside.
AMEX:XLY
by SLICKNICK_25
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
XLYXLY Sector - Consumer Discretionary Top Stocks on Sector - AMZN, TSLA, HD, MCD, NKE (and more) The sector started its decline already from the last peak, as we can see the market has started the correction that we have all been waiting for (already long past the start) and xly will see the first significant damage according to how it looks at the moment, the probability of further declines is higher than the continuation of the current bank increases, so I am short with Not an extreme goal. Good luck - see you on the other side, let me know I'm Guy from StockBrothers Trading College and with us? We reach profitability!
AMEX:XLYShort
by stockbrothers5
XLY WCA - Inv H&SSector: Consumer Discretionary Select Sector SPDR Fund Ticker: XLY Exchange: NYSE Arca Industry: Exchange-Traded Fund Introduction: Welcome to our weekly technical analysis. Today, we're looking at the Consumer Discretionary Select Sector SPDR Fund (XLY), listed on the NYSE Arca exchange. The weekly chart is currently exhibiting an inverted Head and Shoulders pattern, suggesting a potential bullish reversal. Inverted Head and Shoulders Pattern: An inverted Head and Shoulders pattern is typically seen during periods of market consolidation following a downtrend. It signals a potential reversal, characterized by three troughs, with the central one (the head) being the deepest, and the two on the sides (the shoulders) being shallower and roughly equal in depth. Analysis: Previously, the XLY sector was in a clear downward trend, as represented by the blue diagonal resistance. However, the emergence of an inverted Head and Shoulders pattern during the consolidation phase suggests a potential bullish reversal. Impressively, the right shoulder is higher than the left shoulder, adding to the bullish sentiment. Furthermore, the price has broken above the 200 EMA and the horizontal resistance at 153.40, reinforcing the bullish environment. The current consolidation at this previous resistance level, indicated by a dragonfly doji, may solidify the breakout. However, confirmation will only come with the closure of the current candle. Should the breakout hold, the price target is set at $177, indicating a potential upside of approximately 16.7%. Conclusion: The weekly chart of the XLY sector reveals an intriguing setup in the form of an inverted Head and Shoulders pattern, suggesting a potential bullish reversal. This may signal profitable trading opportunities in stocks within this sector over the coming weeks. As always, this analysis should be used as part of your overall market research and risk management strategy, and not as direct trading advice. Remember, trading carries risk, and past performance is not indicative of future results. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
AMEX:XLY
by KarimSubhieh
$XLY 4H timeframe (uptrend)AMEX:XLY 4H timeframe Uptrend channel (retracing 28th December 2022 lows & 2d February highs) valid as long as it can hold 143.85$, loss of 146.46 is a big warning. In order to spot the potential next targets, I retraced 1st December 2022 highs to 28th December 2022 lows and generated Fibonacci extensions (same principle as for channels). this is the logical retracement I decided to rely on and this is the next logical path: 0>1>1.272 or 1.618> 1.272 or 1 bounce on any of these ones is the confirmation for more upside. valid as long as it can hold 147.32$ or reclaim it really quick (one or max 2 sessions)
AMEX:XLY
by AquilaTrading
$XLY Consumer Discretionary 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 Durables20.56% Consumer Non-Durables4.93% Producer Manufacturing1.25% Distribution Services1.18% Electronic Technology0.51% Non-Energy Minerals0.16% ETF/Mutual Fund or Others0.12% 2021 ATH Anchored VWAP (orange) 2022 August highs Anchored VWAP (green) Currently trading above: 50DMA, 100DMA, 200DMA 2021-2022 Downtrend channel broke (0 resistance line), breach of 0 trendline (resistance) tends to push the price to -0.272 or -0.618 for more extended move before bouncing back and retest 0 trendline. It did it perfectly: broke 0, hit -0.272, bounced back to 0, before climbing toward -0.618. Each breached channel turns into resistance (Principle of Polarity).
AMEX:XLY
by AquilaTrading
XLY set to decline * 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 do something twice, it usually then tries the opposite” (I think this is an Al Brooks quote) I am STRONG BEARISH on this
AMEX:XLYShort
by ChemistNate