Get started

Discretionary

China's Consumer Discretionary ETFFrom the beginning of 2020, emerging markets, and specially China, had been really outperforming. The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel. We have tested the 50sma, which has worked as the lower channel trend line in this system. Risk-reward-ratio is fantastic as we can a stop below the moving average; with a target around $42. Top 5 Holdings: Meituan (10.38%) Alibaba (7.92%) NIO (7.42%) JD (6.98%) PDD (5.94%)
AMEX:CHIQLong
by dorfmanmaster
1
Ferrari is a good portfolio diversifier from hereWhen growth and inflation around the world are seemingly increasing on a MoM basis, consumer discretionary stocks perform well. We've seen this across the board so far this year, and in the latter parts of 2020. Ferrari is no exception, with a premium luxury brand with international recognition. Recently, RACE has been pulling back, and I'd look to start to leg into a position here, with capital to buy more slightly lower as well. Technically, we're near the bottom of the 2std dev Bollinger, as well as oversold on the RSI 1D/4H timelines. The risk/reward from here is favorable.
NYSE:RACELong
by MT-Macro
Copper possible monsterBig demand for indu metals. Or at least price is going up for some reason. Maybe suriv supply problems? Been following this one for a while. Could be a time to buy again. I don't even remember how many times I got in and out in the last 3 months. Not dozens either but more than once or twice. Anyway in general they (real world use metals) go up this year. A big scary rapid move down is exactly what I was waiting to see in this market. I hope other buyers got scared and removed their orders (and will buy higher when there won't be big scary moves) Anyway with a RR huge like this I don't need to win often here. Worth a shot imo.
COMEX:HG1!Long
by MrRenev
4
Probable Short on EURUSDA few concepts about my Price Action Strategies will be revealed as I keep posting the charts. Initially, I used to trade Discretionary Price Action which lead to many disciplinary problems. Hence, I gradually moved my Price Action Trading onto a more Rule Based Price Action Strategies (Rule Based Market Structure with Discretionary Entries and Exits). Coming to the current chart, I am considering the last for Swing Points (Swing Low - A candle with at least two higher highs on both sides, Swing High - A candle with at least two lower lows on both sides) on the hourly chart. The Swing Points, ABCD, have given me a Trend Cycle to the Downside, hence giving me a probable Downward Future Bias. C being the Trend Violation Swing, I am expecting the hourly chart to Pullback to B or C depending on the Price Action around the region. Further, any weakness in the area, and a Failure (Rule Based Failure Setup, will be posted in future charts) leading to a reversal is a Good Short with a Good Risk - Reward Ratio with Targets being D or may be even lower.
Short
by PavanKulkarni
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.
AMEX:XLYLong
by Killy_Mel