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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

XLY Elliott Wave View: Trading At Equal Legs ExtremeXLY ended the cycle from 08/02 low (109.99) at the peak of 09/20 at 118.23 in blue wave (3). Below from there, the ETF has been correcting that cycle in the sequences of 3-7 or 11 swings. From 09/20 peak XLY has reached the equal legs area towards 115.55-114.95. The internals of that pullback has been unfolding as an Elliott Wave A-B-C correction. The first leg lower ended red wave A at 09/24 low (115.72). Above from there, it ended red wave B pullback at 10/01 peak (118.14). The internals of that pullback unfolded as an Elliott Wave Double correction which ended black wave ((w)) at 09/26 peak (117.76), black wave ((x)) pullback at 09/26 low (116.65) and finally black wave ((y)) of red wave B at 10/01 peak (118.14). Below from there, it reached the mentioned equal legs area (blue box) and it should see soon a bounce higher. Currently, it is trading at the equal legs extreme area (blue box) of red A-B and soon it should end blue wave (4). Afterwards, the ETF is expected to find buyers looking for new highs or for 3 wave bounce at least as long as pivot at 113.98 stays intact.
AMEX:XLY
by Elliottwave-Forecast
General Market OverviewThis video is the first of many, and I discuss the behaviors of the sectors and potential markets that are poised to trend in the near future. The "freshest" sectors quietly trying to start a new trend are the Industrial and Consumer Discretionary Sectors. The sectors (along with their industries) I think should be on every trend follower's radar are: XLF - Financials Sector (including some real estate stocks): setting up to break out of its 5 month range; main movers are the bank industry (not the Goldman Sachs and Morgan Stanley kind of banks) XLI - Industrials Sector: breaking out today with the possible trend beginning here in an unpopular sector; main movers are the service industries XLK - Technology Sector: obvious uptrend that should be followed with caution, but is getting ready to continue; main movers are the software and IT services & consulting industries XLP - Consumer Staples Sector: in early stages on uptrend with possible correction or continuation in the near future; moved by multiple industries XLRE - Real Estate Sector: also in the early stages of possible uptrend; main movers of sub-sector have been REITs XLU - Utilities Sector: also in the early stages of possible uptrend; main movers are electric utilities industry XLV - Health Care Sector: uptrend already in motion with test of all-time highs today, with great potential for trend continuation; main movers are medical equipment and managed health care industries XLY - Consumer Discretionary Sector: breaking out today with the possible trend beginning here in a sector where the media does not favor much; main movers are the apparel, discount, footwear and auto industries (mostly retail) I am going to do more videos on how I diversify my portfolio, and how to create such a portfolio according to what is moving in the whole market so it would be great to get feedback from this video that I can include in those, and also ideas on material you would like to see more of! Thanks, enjoy.
AMEX:XLY
by themdtrader
Risk on/Risk off, XLY:XLP ratios, THE Real money flow indicator.Was recently shown this little gem of a ratio chart that will help gauge strength to certain markets such as the stocks and other financial instruments as the S&P, Dow Jones etc So what does it all mean?? The ratio of two diametrically opposed asset classes often provides insightful clues about what investors are doing. The XLY:XLP ratio is a perfect example. Its not a hypothetical as it uses real money data based on what investors are DOING and NOT what they maybe thinking or projecting... XLY represents the Consumer Discretionary Select Sector SPDR ETF. XLP represents the Consumer Staples Select Sector SPDR ETF. XLY is the ETF which tracks the consumer discretionary sector XLY’s top 5 holdings are... Comcast (CMCSK), Walt Disney (DIS), Amazon.com (AMZN), Home Depot (HD), McDonald’s (MCD). XLP tracks the consumer staples sector, with top holdings of... Procter & Gamble (PG), Coca-Cola (KO), Philip Morris (PM), Wal-Mart (WMT), CVS Caremark (CVS). So how does this affect markets? When the chart value rises its a clear indicator that people are happy to spend freely and without caution, investors will look to increase risk, where as if the value starts to go down and decline, people are spending more on everyday essential items and thus stock markets are in shrinkage, decline and investors are taking LESS risk. we can clearly see how this chart reflects current highs on the stock indices if we compare to the current S&P500, Russel, Dow Jones and so on If this article has helped or you have any further questions, please leave them in the comments below.....
AMEX:XLYEducation
by majorlee
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