Analysis of XLP & Consumer Staples Trade Ideas

Technical analysis of XLP as well as the first 10 of 25 individual stocks within XLP (Consumer Staples Sector ETF) that stand out as potential trade ideas. As a good part of this video was spent discussing various considerations & technical developments within the consumer staples sector & technical analysis in general, only 10 of the 25 stocks that stand out were covered with analysis on the remaining 15 stocks to follow in a separate video. The following ETF & stocks are covered in this order: XLP, WMT, PG, KO, PEP, PM, MO, COST, KHC, CVS & WBA playback speed can [...]

2018-06-08T15:23:50+00:00 Jun 8, 2018 2:41pm|Categories: Equity Market Analysis, Unofficial Long Ideas|Tags: , , , , , , , , , , |1 Comment

XLP + Consumer Staples Analysis & Trade Ideas (video)

Technical Analysis of the Consumer Staples sector via XLP along with several of the top components that made offer objective swing trading opportunities. The video covers both the outlook for the Consumer Staples sector as well as the top components, many of which appear to be setting up as both long & short swing trading opportunities. As this video ran much longer than I had intended, I will follow up by posting charts on XLP and any of the stocks covered in this video that stand out as potential trading opps at this time asap. For those with the time or [...]

2018-01-21T22:47:42+00:00 Sep 28, 2017 10:53am|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , , , |Comments Off on XLP + Consumer Staples Analysis & Trade Ideas (video)

XLP Consumer Staples Sector Breakdown

XLP (consumer staples ETF) had a very impulsive gap & breakdown today. Several key staples companies such a WMT, COST, WBA, CVS & to a lesser extent (weighting-wise but not percentage loss), KR mentioned in the trading room earlier all down big so far today. XLP daily June 16th At a weighting of 9.4%, XLP is one of the largest sectors in the S&P 500 & highlighted recently in the S&500 Sector Analysis update posted on Wednesday. I've since added a minor trendline (yellow) which could come into play here but even though a reaction is likely soon due [...]

2017-06-16T10:15:46+00:00 Jun 16, 2017 10:12am|Categories: Equity Market Analysis|Tags: , , , , , |2 Comments

Short Trades Updated

The following short trades will be moved to the Completed Trades (Short) category as they have either exceed the previous suggested stop (or any reasonable stop, if none suggested) or the technicals no longer warrant remaining short at this time. Several of the Active Short trades still look to offer objective entries or add-ons at this time with others trading right at or just above key support level, which may offer another objective entry or add-0n once those levels are taken out. I plan to highlight some of the more promising short trades soon in addition to adding some new trade [...]

2017-03-08T21:20:46+00:00 Oct 10, 2014 3:24pm|Categories: Completed Trades - Short|Tags: , , , , , , , |Comments Off on Short Trades Updated

Price Target Added to the COST Short Trade

COST weekly Jan 10th One additional price target has been added to the COST short trade, which triggered a short entry on the weekly close below the long-term uptrend line on the Dec 13th.  As COST continued to climb for months before the stock finally printed a weekly close below the trendline (following a few intra-week breaks), the new price target (T1 at 105.15) will be placed just above the first key support level shown on the previous weekly chart with the previous sole long-term swing target of 95.10 now T2, which remains the final target at this time. [...]

2017-03-08T21:21:08+00:00 Jan 10, 2014 12:46pm|Categories: Completed Trades - Short|Tags: |Comments Off on Price Target Added to the COST Short Trade

COST Update

Following the intra-week breakdown, COST managed to close solidly back above the uptrend line last week, thereby not signaling an entry as per the weekly chart.  COST remains as a short setup pending a weekly close below the uptrend line while the aggressive short trade based upon the intra-week breakdown will be considered stopped out as prices quickly moved back well inside the pattern.  Updated weekly chart.

2017-03-08T21:21:16+00:00 Oct 17, 2013 11:37am|Categories: Completed Trades - Short|Tags: |Comments Off on COST Update

COST Short Entry & Setup

COST will trigger a long-term swing short entry on a weekly close below this nearly 5 year uptrend line or at current levels for more aggressive traders as prices backtest the pattern from below following today's quarterly earnings disappointment induced gap lower.  COST is currently backtesting the nearly 5 year bull market uptrend line after breaking solidly below on today's opening gap lower.  COST did make an intra-week break below the uptrend line last month but manage to close the week back above the trendline in addition to failing to break below the 107 level (one of the previously suggested entry [...]

2013-10-17T11:37:34+00:00 Oct 9, 2013 2:11pm|Categories: Completed Trades - Short|Tags: |Comments Off on COST Short Entry & Setup