SPLV trade ideas
SPLV: MARKETS : At this point I'm a day Trading BEARSPLV helps to take out the noise. At this point we could be BULL or we could be BEAR. Leaning toward BEAR but you can't rule out BULL. IN this kind of situations its always good IDEA to Keep you eye on the LOW volatility stocks (ETF) IT usually prints waves the clearest.
>What we see is a clear downward price channel and we are VERY close to hitting the upper range of that channel>
>We also have a clear RSI divergence in multiple time frames.
>We are flashing red on the overbought indicators.
>The waves resemble a classic text book A-B_C Elliott pattern.
>LONG position Risk/Reward is nearing a LOW.
>Up or DOWN we should expect a correction, very soon.
>Thursday was slightly Bearish so on a weekly cycle this could allow Friday(tomorrow)to be Bullish followed by a Bullish Monday...The weekly cycle is the one(1) remaining reason we are still holding cautious regarding all out shorting.. But we stand poised and ready
As we near a TOP or a BOTTOM there is always the possibility for "one more wave syndrome , "one more wave!", is always possible ... UNTIL it doesn't happen , and your left holding the bag
SPLV vs SPHB - Low Vol vs High BetaThe attached chart highlights the S&P 500 Low Volatility ETF Relative To the S&P 500 High Beta ETF where we note the ratio/price emerging from a 12-month base formation following a downward trend that was in place from the March 2020 lows.
Why is this chart important? The ratio helps investors identify a leading factor/style which influences sector/style allocation. In this case, lower volatility shares are looking to outpace high beta shares.
The top 3 names in the low volatility ETF includes:
Johnson & Johnson
Hershey Co
The Coca Cola Co.
SPLV BUY OR LONG . TARGET UP TO $58SPLV has completely confirmed the rising triangle, I bought SPLV
Buy : $52.5
Target : $58 , max $62
Stop loss : 6%
Wish you good deals!
How did the Low Vol strategy do this month? Low vol is supposed to be better in times of high vol. (At least that is how a financial advisor explained it to me).
So let's see. This March was quite volatile. How did LOW vol do compared to your vanilla $SPY?
Turns out this month it did 2% worse.
$spy $splv Exhuberant? yepJust sold this out of LT portfolio as well as all individual stocks associated with it. not rational or sustainable at this level.
