XLY (Tsla and amzn)... looks like a bull flag here... If this breaks over 148 you should see those 2 stocks take a major leg upLongby ContraryTraderPublished 3
eight sector gridlarge SPY Sectors (6) plus AAPL AND SMH I change timeframe to 2 minby StockMommaPublished 2
XLY ( Tsla and Amzn)Similar to XLC and XLK , XLY pulled back and retested its breakout area . Think we bounce this week back up to resistance of that yellow channelLongby ContraryTraderPublished 5
XLY (Amzn and tsla)Very bearish setup here... Obvious double top here. The close below 148 was a nail in the coffin. Might try and retrace back to 148 before heading lower. This should easily see tsla back to 180 minimum, Amzn 91 gap closeShortby ContraryTraderPublished 6
XLY (Tsla and Amzn)Been awhile since I charted XLY.. Rallied up to resistance last 3 weeks. Wedge pattern is showing here similar to Amazon chart (See link)... that's why I like to look at a stocks sector before I chart and trade the stock. Stocks that are heavily weighted in a sector tend to move more In sequence with the chart of that sector. The Daily CCI is up in corrective territory, I think we test 124 before a leg up and a breakout. Very very bullish over 150. Anything below that I consider a fake out by ContraryTraderPublished 554
All the money in the world is based on debtHome loans, credit card loans, student loans, pay day loans, insurance, annuities, derivatives, pension funds, bond markets. Crypto and the stock market combined are no match for the world debt mountain. #investing #debt Education11:18by optionfarmersPublished 4412
Bulk box stores underperform brand namesBulk box stores that rely on volume underperform during periods of contraction by arete20706Published 2224
Corrective Rally in XLY Should Fail According to Elliott WaveCycle 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 internal subdivision as a double three Elliott Wave structure. Up from wave (1), wave ((a)) ended at 129.80, wave ((b)) ended at 127.68, and wave ((c)) ended at 130.68. This completed wave W. Pullback in wave X ended at 126.83. Wave Y higher is in progress with internal subdivision as a zigzag. Up from wave X, wave ((a)) ended at 131.21. Expect wave ((b)) pullback to stay above wave X (126.83), and the ETF should extend higher in wave ((c)) higher. Potential target higher is 100% – 161.8% Fibonacci extension of wave W which comes at 131.55 – 134.44. From this area, the ETF should find sellers and resistance to either extend lower or pullback in 3 waves. As far as pivot at 146.50 stays intact, expect rally to fail in 3, 7, 11 swing for further downside.by Elliottwave-ForecastPublished 2
XLY - Impulsive Collapse Into The Abyss 😱🙀We took this one earlier today after waiting for a bounce at the lows this then quickly engulfed the lows. This is the most bearish of the SPDR charts and the clue that this would be a great trade was the Shakeout Reversal Pattern "SRP" leading to a bearish momentum candle to fall out of the bearish ascending wedge. This will easily get to the 1:1 @$108 but I think i'll probably hold on and will be looking for the 1:1.618 @ $80 which would be a 54% haircut from the SRP. Moves like this show how trading this SRP pattern is so powerful and leads to enormous gains, especially if traded with ATM options as I have done today, but even the trade alone is a potential 30% move right here. Not advice.Shortby dRends35Published 1110
XLY Consumer Discretionary poised for a break down?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. by MayaUndefinedUpdated 1
XLY , important for TSLA and Amazon Bumping it's head at the fib. Volume is also drying up here. Notice how tsla couldn't get over 230 and how Amazon is stuck at 120. Keep this end mine , with Amazon earnings around the corner and Elon buying twitterby ContraryTraderPublished 3
XLY at support (TESLA ,Amazon)Monthy chart here of XLY sector. Biggest weighted stocks in this sector Tesla 25% Amazon 25% Meaning what ever happens with this sector would have the most impact on those 2 stocks. Purple trendlines represent monthly channel (Uptrend) Fib levels are covid lows and ATH Thursday when the spy drop to 350 , XLY retested that trend support and bounced. Friday we close right above supporting trendline. We are currently below all MA on daily and weekly chart. On the Monthly chart the closes moving average is the 100ma sitting around mid 120. The closest support if we breakup trend this week is 132.67 fib support. Tesla has earnings this week so this will be interesting to see how it plays out.. I will say this, it gets risky swinging shorts on stocks in this sector until we see if XLY will bounce or break 132 by ContraryTraderPublished 2
XLY/XLPBulls REALLY want to see this ratio turn back up for there to be any chance at a bounce in equities imo. Not looking good heading into tomorrow's inflation report.Shortby EssendyPublished 111
$XLY Potential 2-1-2 Bearish Move $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. Shortby VolatileFOMOPublished 0
Consumer Discretionary continues to move bearishThere may be small windows of opportunity to continue shorting the sector but the overall direction is bearish as shown by the TA and macro economic analysis. With Fed rate hikes continuing to increase leading to a recession next year, this sector will cycle out for others such as consumer staples and utilities. AMEX:XLYShortby caacosta57Published 0
XLY/XLPLooking double toppy at previous highs. Hard to have a bull market in equities when staples are outperforming discretionary spending imo.Shortby EssendyPublished 0
Bullwhip Effect 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.by TheTradersBiasPublished 111
xly/xlpcopying a post i saw to see the relationship between these two tickers. get mad eat dirt, L+ ratio + fortnite dance.by musicofhelPublished 0
XLY Testing Breakout LevelXLY 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. - Jamieby jsaettelePublished 1
Consumer discretionary to continue downtrendWeak real spending and rising inflation to influence profits and keep pressure on the sectorby VisualSectorsPublished 0
XLY/XLPBearish RSI divergence & closing below pre-c0vid highs. Is the party over for growth stocks or is it still just consolidation?by EssendyPublished 0
XLY XLP factors for 2022 and beyondQuick review of the spending habits over last the years since i published my first chart... covid craziness brought the chart heavily into the XLP 'stable needs' but a huge rebound into the luxury spending, probably due to the rich getting richer and all that crazy covid money and legal scams of the mega rich energy price increases and inflation has knobbled that spike and brought it way back down to earth with a lengthy recession in sight its good to review markets on these levels have a great summer, stay sane with all the relentless BS spouted from the MSM everyday! if u feel under the weather, throw out your Te'lie'visionby majorleePublished 3
Consumer DiscretionaryHello friends. The Consumer Discretionary ETF has suffered severe losses this year due to the fact that consumers are being drained of disposable income to be spent on things that are not "essential". If you can choose between watching Netflix and eating food, any sane human would choose to eat food. And the ones that would not, would shortly die off. However we are starting to see signs that the XLY sector could be ready for a brief relief rally. Inflation is starting to crash rapidly, and I have a strong conviction that July's numbers won't be nearly as high as people seem to think they will. In fact, I am expecting that we could see a negative CPI print. We will know on July 13th whether this is the case. If that happens, it will ease off some of the pressure on consumers wallets, which in turn will help this ETF. The seasonality is positive for the next two weeks. Insiders are starting to load up on XLY, which lead to gains within a 1 month time period 100% of the time (sample size of only n=3) The increasingly high component correlation is also interesting, since it means that investors are going full Monkey Brain Scared Mode, and mashing the big red SELL button based on nothing but fear on every asset that is falling. From a backtest of every other time it has crossed above 0.7 (70%) correlation (n=6), we saw prices increase over the course of the next month 83% of the time. The idea here is to simply buy XLY, and then sell it around 1 month later. So we can go ahead and buy it right now, and then sell it right at the end of July. The stop loss is optional. Thanks for playing. Longby bowtrixUpdated 2