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SPDR Select Sector Fund - Consumer DiscretionarySPDR Select Sector Fund - Consumer DiscretionarySPDR Select Sector Fund - Consumer Discretionary

SPDR Select Sector Fund - Consumer Discretionary

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XLY trade ideas

Will you buy XLY soon ?Think of your daily Starbucks, burgers and fries from MacDonald, casual Nike shoes - I expect these stocks to continue to do well. Of course, there will always be a group of people who because of inflationary costs begin to cut down on these stuff but the MAJORITY will continue to be consumers ! WHY? Blame it on consumers behaviours - what you do daily consciously will become a subconscious habits. Imagine passing by your Starbucks store to get your share of caffeine kick daily and grabbing your burger for lunch. Will you start to whip out your calculator and start comparing if you should try other stores to save a dollar or more ? Like I said, there will be some people who will do that but many of us won't! And it is for these sticky habits that drives the business of these Consumer Discretionary stocks to continue to rally. Please DYODD.
AMEX:XLYLong
by dchua1969
XLY SHORT ( 4th Attempt ) This is one trade that I honestly lost interest in because it kicked my butt, so far ;) , and then I missed the wedge drop on Friday busy at work. But in hindsight, that's just emotions and my regency bias making excuses. Simply put , I should have entered Friday on the wedge drop plain and simple at work or not .... So, that being said, I decided that if I was still able to get a entry near Friday's close today, I would give this one another shot , because wedge drop is a wedge drop and market trend is down ... The weekly chart actually has a wedge drop along with the daily and I especially like the rejection in the wicks we can see here on the weekly which is less apparent on the daily . Tesla and Amazon make up just over 21% weighting each ( just under 43% combined ) of this fund and both are arguably in stage 3 tops and have not broken down yet . So I think that will have a big influence on how this trade goes . Whatever the case XLY itself is in a stage 4 decline , SPY is in a stage 4 decline and QQQ is in a stage 4 decline . Entry 175.57 Stop 180.49 Target 165.75 ( de risk area )
AMEX:XLYShort
by NAK1987
XLY Ready for the next leg down?XLY has rallied to and thru previous support on decreasing volume. It is currently oversold and retesting the previous swing high. The main holdings in XLY are: - Amazon -Tesla (these two make up over 35%) -Home Depot -Nike -McDonald's -Lowes -Starbucks -Target -Booking -TJX Consumer disposable income is hovering around the Jan 2020 lows (fred.stlouisfed.org ) Inflation expectations continue to rise (www.clevelandfed.org) As always, this is just food for thought!
AMEX:XLYShort
by SPY_VIX_TRADER