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XLI

GE continues its bullrun LONGGE on the weekly chart has been in a trend up with some corrections along the way since a double bottom in the summer of 2022. It has had some sections spin-off including the health care poriton of the company. This company as a mega-cap industrial with cash on hand is independent of interest rate concerns. Much of its business in long term contracts. I see GE as a great long-term long trade. I am focused on accumulating long shares as well an options into 2026. The last correction on this chart was this past October. I will average more in at this time but am really looking for another smaller correction like last October for a bigger buy to add to the positions. GE is safe from the volatility of most of the technology stocks and in my opinion, is a good stock to "back up the truck".
NYSE:GELong
by AwesomeAvani
GE has a solid ongoing trend higher LONGGE on a 240 minute chart shows an anchored VWAP and volume profile both anchored back into October and a price action breakout beginning after the November earnings report and sustained through the early February earnings report. Both reports showed significant beats on earnings as well as good beats on revenue. I see GE as a solid long term long swing trade into at least the next earnings in about ten weeks. Another approach aside investing is a long term call option more than one year out to capture the tax advantage of the long- term capital gains tax rate. I will zoom into a 30 minute time frame and go long with the best entry of a pivot low.
NYSE:GELong
by AwesomeAvani
The Mute SpeakerPrices never lie. Price is everything. Time however always lies. That's "Theory of Relativity 101". Time stretches and narrows based on boredom, psychology, speed. By taking time out of the equation we transform a news piece into a literature book. Timeless charts are the past, the present and the future. They don't expire. Unlike candles with specific expiration date. Linebreak charts are a portal into the Minecraft world. They serve an important purpose. To dictate/confirm price trends/movements. To see these charts, you must imagine them. We live inside a fake time dimension. We cannot escape it, just like pacmac cannot escape its 2D world. The only thing we can do is image an eternal time. Imagine a future of expensive oil. Imagine an eternal oligarchy of the Big Coin ... ... and the Big Brands. The few (DJI) shall beat the many (SPX). China has become a parasite on its territories. Let us welcome the US Industrial Revolution ... ... and the rebirth of the Japanese economy Imagine all the people. Tread lightly, for this is blocky ground. -Father Stevegory.
AMEX:XLK
by akikostas
Is it time for industrials already? $ROKTechnology and Consumer Discretionary tend to lead the start of bull markets and Industrials should follow up. The Industrials ETF AMEX:XLI is not outperforming the SP:SPX but, NYSE:ROK certainly is. Maybe will be the sector's leader, is ranked #6 by IBD in its industry group ( AMEX:GAST ). With higher lows and higher highs since June of 2022, Rockwell Automation is about to make new 52-week highs from a cup pattern. With the OBV already making new highs. Will there be a handle? Maybe, it just had 4 weeks in a row closing higher. Let's wait and see. I'd buy the breakout above $305 with a target sell at $350.
NYSE:ROKLong
by dpuleo19
CAT appears to be starting to digCAT as a blue-chip industrial is not a fast mover- it is best suited for options traders or investors. On the 4 H chart, CAT rose from the lows on a trend up from last November through this February. It then descended in a retracement about a 50% Fibonacci extent to its present value. It is now at the POC line of the volume profile for support and is near to the mean anchored VWAP line. RSI is above 50. I see this as an excellent long trade setup given that other sectors may be cooling off there may be plenty of money looking for a new home. The volume indicator shows steadily rising volumes. The stop loss is the line of one standard deviation below the the mean VWAP while the target is the even dollar immediately below the ceiling of the supply / resistance zone of the Luxalgo indicator. This seems to be a reasonable position to diversify from techonolgy which seems to be a bit overextended.
NYSE:CATLong
by AwesomeAvani
DE - looks temptingThe recent pullback for NYSE:DE looks tempting, but I'm not adding right now. I will monitor price until we get in between the FOMC and earnings in May. I'm eying anything between 347-360 as a strong opportunity to accumulate. DE is a core holding for me. They have strong dividend growth, low payout ratio, and a strong history of earnings beats. They are a leader in their space, switching costs are high, demand for products in their sector will continue to grow, and replacement demand can only be postponed temporarily. The management team seems to have navigated adversity well, which is critical with geopolitical tensions running hot. DE has a history of volatility around earnings releases and outlook for industrials is influenced by monetary policy. The industrials surged 26% from the September lows to the March highs. They corrected sharply after the March FOMC and their recovery pulled back again when the ISM manufacturing PMI came in below forecast. DE's price movements coincide with its index, but it typically outperforms the S&P, where the index tends to underperform the S&P. In this chart we see that movement into the lower portion of the rising channel are an infrequent and rewarding opportunity. Momentum and lack of meaningful company updates suggests that the current downtrend will follow the industrial index and that we may see such an opportunity. I will take any opportunity that I see near the center of the blue circled area and then likely take some profit above the solid green trendline. I've drawn a fib time zone that starts with the April 2022 drawdown. It has aligned with major price reversals and has an upcoming marker in May in between the FOMC and earnings.
NYSE:DE
by Ben_1148x2
Technical analysis of XLI (Industrial Select Sector SPDR Fund)Technical analysis of XLI (Industrial Select Sector SPDR Fund): XLI is an exchange-traded fund (ETF) that seeks to provide investment results that correspond to the performance of the Industrial Select Sector Index. The ETF's holdings primarily include industrial conglomerates, aerospace, and defense companies. From a technical perspective, XLI has been trading in a broad range between 95 and 103 levels since August 2021. Recently, the price has been hovering near the lower end of the range, around the 97 level, which could be considered a demand zone. In addition, the Relative Strength Index (RSI) is currently around the oversold zone, which indicates that the selling pressure may be exhausted, and buyers could take control of the price action. Considering the above factors, it is possible that XLI could see a move higher from the current demand zone of 97. If the price manages to break above the resistance level of 100, it could confirm the bullish bias and open the doors to test the upper range of 103. However, in case the price breaks below the support level of 95, it could invalidate the bullish outlook and lead to a further decline towards the next support level of 92. Therefore, traders and investors should monitor the price action near the demand zone of 97 and the resistance level of 100 to determine the next directional move in XLI.
AMEX:XLILong
by Red_Green-TA
Wire (Encore Wire) is an Industrial with a high and tight flag. I don't normally play high and tight flags in a general bear market, but industrials have been strong since last year, and this company just is kicking butt. Encore wire scores an A) in cash flow, growth, price momentum, and profit health, and a B) in relative value. According to Finbox models, this stock has an upside of 37.3%. And zero debt. Wire and cable. Think electric vehicles, etc. High and tight flags have been backtested as 67% continuation patterns in the general trend (up). The reason they are so successful is that at new highs, there are no sellers above. Not a recommendation, just an idea.
WLong
by UnknownUnicorn13101
XLI is in a strong uptrendI noted a while back the bullish look for industrials, despite bearish sentiment in other sectors. XLI began its current bull trend at an intermediate bottom on 9/26/22, and really started a strong uptrend on 11/14/22. It sits well above the cloud on the weekly. XLI is poised to overtake it's 52 week high at 105.23 in the near future. From there, we can look at a new all-time high above 107.65. I am leery of a new all time high before the summer, since I am a firm believer of sell in may and go away. But I do expect a new all time high by the fourth quarter of 2023.
AMEX:XLILong
by UnknownUnicorn13101