Materials need a bounce backMaterials have benefited from late cycle, but lately they they underperformed and now need a good bounce backby DRWN_biz0
XLB Nearing DECADE Long 2.618 ExtensionTrading plan on chart. Need a break and retest of the $94 area before adding positions. Favoring a corrective wave to add new positions. Earnings season could be the catalyst to spike into an ending diagonal (pointed out on chart). This could be one of the top sectors for 2021 but I'd like to wait for a pullback to add. If you get anything from this post please like and share. Start the conversation/debate in the comments :) Cheers and happy trading! Caseyby chartsareforships111
$XLB Materials looking overbought!Conviction: 4/5 General Thesis reaching long-term upper bound on channel (2007) Weekly RSI showing bearish divergence weekly MA look like they might be turning over Timeframe: 1 year-ish Growth N/A Value N/A Fundamentals N/A Potential Risks continued inflation + seller pricing power could go on for longer Shortby asdf098Updated 0
XLB Daily TimeframeSNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. Shortby hadimozayanUpdated 1
Materials 25.08The setup is hinting at resistance breakout with Stoch rising and higher lows in placeby DRWN_biz0
Bias more on upside. The U.S. Senate voted to advance a $1 trillion infrastructure package on Saturday. XLB may be benefited from this package. Bias on the upside. TP: $89 Trade SafeLongby probabilityta0
Break below 100D MA. See next SupportBreak below 100D MA. Eying on 200D MA around 78.6% FIBOShortby probabilityta0
XLB Basic MaterialsDetails in photo! What do you think? Like, Follow, Agree, Disagree!by Redimere_911
XLB vs SPYMaterials sector vs SPY. Metals and mining starting to look a lot better. Ive been holding FCX for months. Also have some positions in silver. Will continue to watch.by SwanFrench0
Material OutperformanceXLB Materials ETF will outperform the SPY. Cyclical stocks are on fire right now and likely to outperform for at least the next 1-2 years. XLB breaking out from trend line Longby robertpeterwood1
XLB Put credit spreadEntered 4/7/2021 15:33 at green arrow - back logging the trade, not at expiry yet Higher timeframe trend is up Price making weak tops and buyers defending the proximal demand zones Price coming back into +1 sigma At base of hourly demand Potential buyers stepping in, enough to cause a time delay 77.50 sold strike is AT higher timeframe demand zone proximal edge Also at hourly flip zone and hourly continuation RBR continuation pattern for defense Put credit spread 19% ROI, 9 DTEby claypuzzle1
My FCX forecastFCX is on the a bullish run; however, I think the fuel will run out on earnings. The reason I'm slightly bearish on FCX is because XLB needs a drop to complete what seems to be the formation of a running flat Elliott correction wave. I cant time it perfectly but I expect a drop in XLB a few days before the earnings annoucnement of FCX. If you like what you see why not support us? 👇by Moneymakero0
XLB🌦In order to understand the market I rely on sectors. It's important to get a good read of each sector that relates to your stock of interest. Understanding the general direction of the market is easier than relying on indicators. No strategy is infallible, I just prefer to proceed accordingly. Shortby Moneymakero0
Pls come drop and pick me upPls come drop and pick me up must get LTF Confirmations to enter! i will personally be watching a lot of sectors as they are making interesting Price Action!Longby SnipersCapital0
Materials etf year in review: O$59.55 H$72.34 L$37.69 C <=> $72Materials etf year in review: O $59.55 H $72.34 L $37.69 C <=> $72 Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel www.tradingview.com by Options3601
Materials at multi-level supportMaterials sector has been showing relative strength. It is actually 3th in YTD performance, after 1. Technology, 2. Discretionary (Mega-cap lead sectors) Today it is resting on the 100ema, which has been supportive since march 23rd crash. This level is also coinciding with early 2020's high, as well as 4 other tests of the support; including a failed breakout, which worked the next time it tried. OBV has been supportive of the uptrend. (BULL) RSI showing slight divergence as the last bottom late September has a slightly higher RSI(10) than the current one. (BEAR) A strong close below $60 would deny the support, and make the chart a short-term bearish one. Longby dorfmanmaster0
XLBBreaking out to highs again today. Notice the massive relative strength. (Have position) Longby tdrake21392
Outside Day in Materials ETF and DuPontTechnology has undeniably led the market during the pandemic. While it’s usually wise to stick with the leaders, traders should also watch for signs of new sectors coming to life. We might have gotten one today in Materials, especially chemical companies like DuPont . The SPDR Materials ETF traded as low as $62.74 shortly after the opening bell today, undercutting Monday’s low by $0.25. Buyers immediately stepped in to drive it back into the black. They kept going until XLB was at $0.82 above Monday’s high -- a bullish outside day. The rally also pushed XLB above its previous all-time high from late January. Few materials are actively traded, but there are some, like DD. It also had a bullish outside candle. A month ago, its 50-day simple moving average (SMA) rose above its 200-day SMA. That’s a potentially bullish “Golden Cross” pattern. Materials are cyclical companies that could benefit from the global economy reopening from coronavirus. Many also have pricing power, which is interesting with prices surging for materials like lumber and iron ore. The sector may also appeal to some investors after Federal Reserve Chairman Jerome Powell embraced inflation in his Jackson Hole address last week. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.Longby TradeStation4