Macro 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 AMEX:XLY 2. Consumer Staples SPDR Fund AMEX:XLP For reference...
KMB looks poised to continue higher after a meaningful retrace. Keeping this defensive play on my watchlist since it reported decent earnings. If XLP gets the pullback I'm expecting this should be a buying opportunity at the retrace to support.
A pullback in Pepsi is likely to occur. XLP has been one of the best performing sectors YTD. Pepsi has completed a measured move into resistance. A massive deviation away from the mean should cause some profit taking in Pepsi. If you look at the price of Sugar soaring recently this should eat into Pepsis margins moving forward.
If you are a fractalist, you will express alarm at the current pattern. Looks a lot like 3/2020. But that was COVID, we don't have COVID today (not to say we won't have a new Black Swan, but who can predict?). Here's what I like about this chart: it is showing a high and tight flag, which has broken the old pre-covid high of 3/2020. High and tight flags are...
Adding a little to my portfolio. Stock oversold on daily, and near 52 week EMA (75.68) on a strong uptrend. Has held the 78% fib at 77.23. It could hit the 52 week EMA, but I'm not betting on it.
So far JNJ is outperforming the SPY as staples are a defensive play during uncertain markets. But if JNJ fails to break above my 170 yellow zone (also BO of the black falling wedge) in the next few days then a retest of the 163 green support zone is next. 163 is also a 1.272 Fib zone & also a retest of the blue upchannel base. This is an ideal spot to end the...
Consumer staples food products showing relative strength. Hersey Foods Corp showing leadership. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
Quick 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...
KO looking to downtrend from top of high-value area- set Stop Loss from Horizontal Resistance set targets from the volume profile/ Use a put option to leverage the idea and synergize with the general market downtrend.
I've been using Crypto.com to dip my toes into the lovely crypto pool that's been filling up nicely this past year. As a platform, it's rock solid in my opinion. They started out using ERC-20 coins on the Ethereum network and eventually switched to their own native blockchain. Since then, I have experienced lightning fast transactions with minimal fees, much like...
this sector is underperforming SPX.
The green arrow in the chart show the support being tested around $135. The upside is around $144, and a stop-loss exit below the 100ema makes sense for at least 50% of the trade. RSI has slightly improved, showing bullish intent. PG is probably being used to collect dividend, so choppiness in the drawn channel isn't a negative thing.
Since late april, WMT has been in an upward channel fighting to stay above the 10sma. The 50 & 200 simple moving average also line up closely with the 38.2% & 50%fibonacci retracement level, respectively. The Bollinger Band Width, which is the difference between the upper and lower BB, is trending lower, indicating a build up in a move up or down. Watching closely.
Defensive vs SP500 as fear barometer proxy ...
XLP has bounced off the 200MA. The last two moves pushed slightly through it, like this one, and the subsequent ramp was at least to the previous high (Feb-Mar) if not higher (Jan). The 2018 price/action below the MA shows this stock does take that indicator into account. The recovery looks to be finishing the final sub-wave of W3. March shows a slight pullback,...
Episode 8/11 : US (SPX) Sectors Technical Analysis Series - 18th of July 2019 Brief Explanation of the chart: XLP : Consumer Staples has relatively been one of the worst performing sectors since the last recession. However, recently due to the many uncertainties in the economy(US/CHINA Trade relations), staples have performed quite well (+18.1% for...
Up over 10% on the month - Time to take some of the table, this will pull back.
Establish long position now and accumulate strongly if shares break above 143.75. DEO shares rose 1.33% on 11/8 and closed near the top their range, forming a bullish pin candlestick. This comes after having opened significantly higher (>$3) than the previous close, leaving a gap around $140 that may enact some gravitational pull on share prices in the...