Interesting setup off this rising 50 dayGap filled and buyers stepped in some so far todayby JXMFinancialPublished 5
Short XLY (Long term 1 year)Long term trade here. Consumer spending in the US not likely to return. Higher borrowing costs with house hold debt near all time highs is not doing anyone any good. Shortby KlendathuCapPublished 2
XLY: A technical overview of top 3 weighted holdingsSummary: Comcast and Home Depot dragging down price. Amazon is keeping it from falling furtherby matt.sulli42Published 2
Braking the support levelIf preice goes throug support level there is a good short to next support.by matjaz70Published 4
XLY/XLP Ratio - Murphy2009 Cross -> bullish (like Murphy described in his book) 2016 Cross -> bearish?Shortby celloPublished 1
Testing strong daily resistance zone$XLY just hit a strong daily resistance zone after bouncing from the 200 days MA. The Resistance Zone includes several trend lines that now collide into one 1$ wide Price Zone that should prevent $XLY from advancing higher. 79-80$ is the potential Sell Zone Stop loss should be above 82$ and first target Zone is 77$ (200 days MA) Below 77$, things can turn into a Free Fall mode. Tomer, The MarketZone Follow me on TradingView Subscribe to my newsletters - goo.gl Follow my blog - goo.gl Subscribe to my Youtube channel - goo.gl Shortby themarketzoneUpdated 5
XLYWeekly chart of XLY since 2009 bottom. Looks to be forming possible H&S top with RSI bearishly diverging. May not confirm H&S, but not one to be long, IMO. Also, note numerous high volume DOWN days with very few high volume UP days. (See box in lower right hand corner)Shortby jmboyer1Published 331
XLY going downWhen signs of an economic recovery appear, consumer discretionary stocks usually lead a stock market recovery. Consumer discretionary stocks tend to outperform the stock market during strong economies, but they generally underperform in weak economies. The stocks of of consumer discretionary companies tend to lead a general stock market decline at the beginning of a recession.Shortby etsimastuottoaPublished 3
Staples seems getting strong again, against cyclicalAs you can see there is a Heand & Shoulders going on, and under the WMA 200 Is the rally near to end?Shortby LacorZPublished 1
xly/spy enough is enough ?this one streched it self . . . very strong !!! does trees grow up to the sky ? neiher will stocks.Shortby erezPublished 1
Neg. Weekly RSI divergence on the XLYLooking for a potential short in the XLY, as its main components AMZN, DIS, getting hit. AMZN showed a negative RSI divergence on the daily chart, the first time in a long long while. Probably won't initiate position until AMZN and DIS, NKE recovers a little.Shortby jamespwuPublished 0
Bounce expectedmany sectors at major support, unlikely that they dont hold. Should see a bounce in the market here after such a rapid sell off. by BADUNDERPRESSUREPublished 0
What would happen when XLY/XLP low is taken out?A brief recap: XLY is consumer discretionary sector = investor shift to luxury but not necessary things = risk appetite increase XLP is consumer staples sector = investor shift to more basic needs = risk appetite decrease (more security) As a recent spat of rally, i have noticed that there is a sector rotation play into XLP. As a result, the ratio XLY/XLP is getting slightly smaller. As observed from the previous two market top in 2008 and 2011, when the XLY/XLP major low (blue) was taken out on the downside, SPX (a representative of DJIA, DJTA, RUT & COMP) had either a major crash or correction. XLY/XLP made another low back in Mid Oct 2014. Could the same scenario happen to SPX again if the red line crosses below the Mid Oct 2014 low? P.S. Excluding 2011, when SPX kept on making higher high, XLY/XLP was making higher low. A divergence in the warning.by jangseoheeUpdated 242416
MACRO VIEW: XLY IN FIRM MACRO UPTRENDConsumer Discretionary SPDR ETF is looking good on both short term and long term basis. On long term basis - XLY trades in both 5 and 10 year uptrend, as the price stands firmly above 1st upper standard deviations from both 5 and 10 year means It has tested its 5-year trend during the august selloff and held it successfully. On short term basis - XLY shows no trends in particular, as the price is firmly within the 1st standard deviations from 1-year and quarterly means. It is a positive development, since nothing on short term basis stands in the way of long term trends. Longby Killy_MelPublished 2