Staples performance against discretionary needs to correctThe rate at which staples had outperformed discretionary in this market correction calls for a short term bounce for discretionary against staples.
Key stats
About SELECT SECTOR SPDR TRUST
Home page
Inception date
Dec 16, 1998
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
ALPS Distributors, Inc.
XLP delivers a representative if slightly conservative basket of consumer-staples firms. Because XLP pulls its stocks from the S&P 500 rather than the broad market, it holds far fewer names than our benchmark, producing somewhat-concentrated exposure. The fund's holdings are nearly all large-caps, which investors may appreciate for their familiarity and stability. XLP seeks to provide exposure to stocks in the following industries: food and staples retailing, beverage, food products, tobacco, household and personal products. The index is reconstituted and rebalanced on a quarterly basis.
Classification
What's in the fund
Exposure type
Consumer Non-Durables
Retail Trade
Stock breakdown by region
Top 10 holdings
short term bottom for marketXLP traded positively against XLY and reached the trendline from the carry trade unwind. Looks to be time for the market to go back to risk on for a while and therefore a short term bottom for S&P
SHORT XLPI am bearish overall especially below the 50% Fib. But I have to give the bulls a chance. If they can fill the gap and then take the fib then off they go.
But realistically we fill the gap, maybe bounce and reject again and or just keep dropping. Slow grind I would presume so take a long leap posi
XLP vs SPY: Staples vs SPYConsumer staples vs SPY is at historical lows on the monthly chart. Last time it touched multi year low, then we saw a multi-year Bull market from 2000-2007. XLP had a fantastic bull run against the indexes like SPY and QQQs during the Great Financial Crisis (GFC) and reached ATH during 2009. Since
Staples...can they do it this time?AMEX:XLP is at a major location where it has had quite a few fake breakouts on weekly
this time , however it has consolidated for quite a few weeks below that level...so might have power to hold...
staple names also reporting and should benefit from the lower inflation numbers (margins will improv
XLP - consumer staples signaling possible upward reversalAMEX:XLP regained its YTD and MTD anchored volume weighted average price, as well as the VWAP anchored to the 3/21/24 FOMC meeting. Momentum is turning sharply upward and most major moving averages are in a productive relationship to one another and price.
Additionally, XLP/SPX is showing a poten
XLP Potential Breakout on Consumer Staples Sector $XLPXLP Potential Breakout Analysis
AMEX:XLP is showing signs of a potential breakout based on technical analysis. This could present a favorable opportunity to consider investing in the Consumer Staples sector.
Why Consumer Staples Sector?
The Consumer Staples sector is known for its stability and
XLP Weekly ChartConsumer staples sector, or in other words the companies we shop from on a daily. EX: COSTCO, WALMART, TARGET. This chart is prefect, this level is just so clear to see. We have multiple touches of this resistance/supply level, and we had one false breakout back in April 2022. How many times can a l
MACRO MONDAY 28 ~ Discretionary Index Vs Staples IndexMacro Monday 28 – Discretionary Vs Staples
Today we are going to look at the following two very interesting SPDR Indexes and their relationship to one another to help us understand where the U.S. consumer is at present.
SPDR Select Sector Funds (“SPDE SSF”)
1. Consumer Discretionary SPDR Fund
Party is over when we enter the yellow boxIn the past, when xlp/spx wicks down and touches the channel lows, the markets have hit a top.
Keep an eye on this one!
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
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Oscillators
Neutral
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Summary
Neutral
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Neutral
SellBuy
Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.