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 [...]
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 [...]
Outlook for the US stock market via the leading index tracking ETFs as well as the top components of the Nasdaq 100.
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 [...]
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 [...]