XLI Bearish Deep CrabBearish Deep Crab w/ bearish diveregence
- 1.618XA
- 1.618AB=CD
- 1.618BC
*Bought March $78.50 puts @ $1.04*
XLI trade ideas
XLI : shortFor sure it's a rising wedge...But with Trumponomics (from now on Promisonomics) failing I rather believe that we have a false breakout. Correction should be at least to 55 region. On break back to 40...
Hershey's CoCo Bear Sector Report - January 23, 2017Finance and Industrial looking BEAR lately! Going down more than the market since mid December, 5-6% more to drop until next support levels from late November.
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Hershey's CoCo Indicator details:
Very Bull = Blue Arrow = Sector and Market prices are up, Sector price up more
Bull = Green Arrow = Sector and Market prices are up, Market price up more
Bear = Red Arrow = Sector and Market prices are down, Market price down more
Very Bear = Black Arrow = Sector and Market prices are down, Sector price down more
Neutral = No Arrow = Both movements equal
Arrow Length = Strength (the longer the arrow the bigger the difference)
Green Background = Bull = Above zero Moving Average of all arrow values
Red Background = Bear = Below zero Moving Average of all arrow values
To review, the Blacks and Blues are the HEAVIEST pressure... the LONGER the STRONGER!
XLIWe finally got some better market movement today and recently XLI experienced a bearishe engulfing which started this down trend.. there was a little better bullish volume today but it still couldn't make up from yesterdays drop... It has dropped below S1 and the 25 Day EMA and the stoch that is about to turn bearish is showing it as being overbought.. Look to set alerts at the red horizontal arrows..
Let me know with Questions!!
Constructive Criticism always welcome!
Safe Trading!!!!!
Weekly Spread Ideas - 2016/11/28I'm going to start doing weekly price targets for a select few market sector ETFs each week.
Here are this weeks targets:
SPY: 220 ~ 225
XLF: 22.3 ~ 23.2
XLE: 72 ~ 75
XLV: 68.5 ~ 71.1
XLRE: 28 ~ 30.4
XLI: 60 ~ 63.7
Industrial Sector looking especially vulnerable to the downside Description outlaid on chart.. stop is 1 ATR from prior day close (subject to change at market open)
XLI: Industrials are outperformingSo far XLI is doing well (cf: my previous Idea). The recent decline in the dollar helps the Industrials and their exportations. The ratio XLI/SPY is rising. The strength of Industrials is likely to continue on a short term basis.
XLI prediction Looking for a bounce to resistance at 50% fib 53.33 then continution down to stay in channel or break down.
MACRO VIEW: XLI HOLDS 10-YEAR UPTREND, STILL NOT BACK IN 5-YEARXLI holds 10-year uptrend at the august selloff, but did not yet recover its 5-year uptrend.
On long term perspective price has failed its 5-year uptrend (fell below 5-year uptrend border) and tested its 10-year trend during the august selloff (tagged the 10-year uptrend border). The 10-year uptrend test proved successful and the price has been recovering since then.
On short term perspective nothing stands in the way of the recovery, as price is showing no short term trends - XLI is trading within 1st standard deviations from 1-year and quarterly means.
Thus price is likely to return into long term uptrend if it breaks above 55. Downside risk will be apparent below 50 level.
XLI bullish- Morning star bullish reversal pattern points higherXLI extended the downleg off 56.47 (June 18, 2015 high) via a 6-week falling channel to reach 52.46 Monday (July 27, 2015), near 61.8% of the 48.83/58.23 rise and the channel support as well. Subsequent strong rebound forms a morning star bullish reversal pattern (as shown on the daily chart) and signal further strength towards the 54.20/54.52 zone (July 23/22, 2015 highs) near the channel resistance. A decisive breakout there is needed to suggest a significant low is in place for a move towards 55.15 (July 17, 2015 lower high). However, failure to hold the 52.46 low would negate the near-term bullish scenario and accelerate the YTD downtrend towards 51.04 (76.4% of the 48.83/58.23 rise).
Outlook:
Short term: bullish
Long term: neutral
