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 [...]