XAR trade ideas
XAR- AEROSPACE AND DEFENSE 🚀one of our favorite ETFs 🚀Apologies for the many 'rockets' lately, we have been using the rocket on our Bitcoin chart but originally the rocket things started from and belongs to XAR AEROSPACE AND DEFENCE ETF.
Fundamentally, with the huge amounts being invested in aerospace (and defense), this sector is expected to fly and to thrive.🚀
Our market segmentation analysis has proved to help us 'Buy the strongest' and 'sell the weakest', for years now.
XAR is an ETF which can deliver excellent returns for us in 2021 to 2025.
FROM STATE STREET:
The SPDR® S&P® Aerospace & Defense ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® Aerospace & Defense Select Industry® Index
Seeks to provide exposure to the Aerospace & Defense segment of the S&P TMI, which comprises the following sub-industries: Aerospace & Defense
XAR AEROSPACE AND DEFENCE 🚀our favorite ETF is in Orbit 🚀We have been doing so well on AEROSPACE AND DEFENCE ETF and happy to say it has just broken 2 majpr resistance levels in 1 session!
We are keeping our buy positions until it reached record highs and will be keeping an eye on this for the future.. for a long time
Fundamentally, aerospace and defence are industries that have a bright future and are becoming increasingly important
$XAR - Clear for TakeoffOne area investors and traders should take a look at is the Aerospace and Defense industry ($XAR as proxy), which is currently the best performing industry year-to-date (as of July 5th), generating 28.59%.
On a technical basis, $XAR is trading above all three EMAs, indicating strong price action at the moment. Further, its RSI as been steadily trending higher since the end of June, indicating strong market sentiment in this industry. Further, on a global macro basis, the industry has been helped by a rise in geopolitical tensions around the globe, with the most recent being tensions in the Middle East between Iran and Western powers.
If this trend continues, $XAR could hit $107.81 in a few weeks.
XAR- Short from current levels to 51 area XAR has lots of weakness, it is in a weak sector & moneyflow is very weak, and the overall market is weak now. Moreover it has a lot of insider selling. On the technical side it is forming a declining neckline head & shoulder formation.
Overall it looks very good short.
You can check our detailed analysis on XAR in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 3:00"
Trade Status: Pending
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