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

WBA Stopped Out

WBA (Walgreens Boots Alliance) was posted as a Short Trade Setup back on November 12th with a short entry to be triggered on a move below 81.10 & a suggested stop on any move above 83.40. The stock went on to trigger an entry but briefly traded above the suggested stop level shortly thereafter, providing a rather minor loss of 2.8% on the trade. For those still short WBA using more liberal stops, WBA is now trading well below primary uptrend line (see weekly chart) with the stock likely to continue lower in the coming months although a reaction off this [...]

2017-03-08T21:20:03+00:00 Jan 24, 2016 4:26pm|Categories: Completed Trades - Short|Tags: |Comments Off on WBA Stopped Out

WBA Head & Shoulders Topping Pattern + Short Trade Setup

WBA (Walgreens Boots Alliance Inc.) looks ripe for a break below this H&S topping pattern as well as the bottom of the horizontal support zone along with a likely break & weekly close below it's primary bull market uptrend line (see weekly chart). WBA will trigger an short entry on a break below 81.10 with a suggest stop over 83.40.

2016-04-25T15:12:08+00:00 Nov 12, 2015 9:25am|Categories: Completed Trades - Short|Tags: |4 Comments