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SPDR Select Sector Fund - IndustrialSPDR Select Sector Fund - IndustrialSPDR Select Sector Fund - Industrial

SPDR Select Sector Fund - Industrial

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XLI trade ideas

XLI , SHORT Similar to todays XLK short this too I would also consider this a C trade. Here's why Cons 1) The stop is far , 2) Missed the little pop at the end of day , could have had a slightly better stop vs entry distance ( I did enter in final 30 min per my rules , however ...) 3) We have not cleared the range, big bars are common in ranges . 4) DB , MTR , a possibility here , more of a range than todays XLK play , so I would say XLK slightly higher quality than XLI. (double bottom , major trend reversal ) Pros 1) Bulls failed to have follow through from yesterdays FOMC rally signal candle 2) Stage 4 downtrend w/ death cross valid 3) If we do breakdown more bears will sell the entry candle and follow-through candle ... 4) Possibility for a measured move down 5) Valid signal per my strat and market in RTM ( red trading mode ) Ultimately I have taken the trade anyways because I have been waiting for this and even though its a weak signal , it is a signal. I have gotten more defensive on my de risk plan too though .... I am taking profits on 1/3 at 1R and there I will switch to BE stop .... then will cover another 1/3 at 2R , then sell the rest on a close above 10/21 ema's. Stop 98.41 PT 92.49
AMEX:XLIShort
by NAK1987
XLI Daily - Industrial SectorThe Industrial Select Sector SPDR Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Industrial Select Sector Index. The Index seeks to provide an effective representation of the industrial sector of the S&P 500 Index Seeks to provide precise exposure to companies in the following industries: aerospace and defense; industrial conglomerates; marine; transportation infrastructure; machinery; road and rail; air freight and logistics; commercial services and supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines; and building products Allows investors to take strategic or tactical positions at a more targeted level than traditional style based investing
AMEX:XLI
by HotPotatoTrader
Industrials May Be Attempting a BreakoutIndustrials have gone nowhere for months, but some chart patterns suggest that may change soon. The SPDR Industrial ETF (XLI) touched a six-month low under $98 in early October before rallying back toward $106. The bounce also occurred at the 200-day simple moving average, a potential sign its longer-term uptrend remains in effect. Next, XLI had a very quick pullback on October 26 and 27. But it was immediately bought and has continued making higher lows since. The result is a tight consolidation pattern near the top of its range. Third, yesterday’s $105.13 close was the highest since early September. Not far above that is the all-time high of $106.81. This may create the chance for a sneaking breakout, with additional money potentially coming to the table if prices venture into new territory. Interestingly, XLI has gone 123 days without a new 52-week high. Along with the SPDR Materials ETF , that’s the longest period of any SPDR Sector fund in the market. Finally, the macro backdrop may favor industrials because of their exposure to the cyclical economy. That lifted them between November 2020 and last May. Now the pendulum may swing back in that direction with a tapering Fed and increased activity into the holidays. (Don’t forget that Transports are Industrials.) TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
AMEX:XLILong
by TradeStation
Industrials needs a breatherXLI, the Sultan, was the ultimate DOW mover. He ruled over everyone including hedge fund managers. Tuesdays action to the upside was great but gave it up at the end of the day. Wed and Thursday continued to the downside. On Friday, the Sultan tapped the 8 day EMA and came back up but closed below previous day high. The issue with XLI is the channels are small. If this low channel is to break, look out below cause I'm thinking of a 3 point move down to 102 as support. Based on HON, FDX, and UPS, Sultan's rule might be done for this coming two weeks.
AMEX:XLIShort
by CTRLZEEE