Thursday, March 19, 2020 4:27:40 PM
Last Friday, and again today, two days when the market showed some positivity, I noticed XLP, the consumer staples sector SPDR has moved up a bit more/faster than the others.
I'm guessing it has something to do with all the home supplies being sold these days, and for many days/weeks to come.
I'm wondering what should I be looking for on this chart as a a signal to buy-in. When the candle stick crosses above the blue line? When the blue line crosses above the red line? Should I be using a different time increment than daily? I'm trying to learn more about using these charts.
Here is the same chart for a similar 3x ETF. Higher returns are likely possible with the 3x ETF for the same move.
I'm guessing it has something to do with all the home supplies being sold these days, and for many days/weeks to come.
I'm wondering what should I be looking for on this chart as a a signal to buy-in. When the candle stick crosses above the blue line? When the blue line crosses above the red line? Should I be using a different time increment than daily? I'm trying to learn more about using these charts.
Here is the same chart for a similar 3x ETF. Higher returns are likely possible with the 3x ETF for the same move.
My posts are my opinion. Always trade at your own risk.
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