Trade Ideas

By: ShortMeTina

​The past few weeks has made for a very boring market.  But boredom can breed ideas at times.  I've watched the stock market endlessly looking for signs of life and I may have found some.

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I said to myself, "there has to be a stock or sector, setting up somewhere for a trade." 
While I can sit for hours on end looking through charts for possible trades, I had no intentions on going through thousands of charts.  

So I decided to resort to an old method and take a short cut by looking through sector ETFS.  By doing this; I had hopes of getting a glimpse into what sector (s) my attention should be 'zeroed-in' on.  

Specifically speaking, I went through 9 SPDR ETF's.

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​Consumer Discret Sel Sect SPDR ETF (XLY)

The Select Sector SPDR Trust - The Consumer Staples Select Sector SPDR Fund (XLP)

 The Select Sector SPDR Trust - The Energy Select Sector SPDR Fund (XLE)

The Select Sector SPDR Trust - The Financial Select Sector SPDR Fund (XLF)
 
Health Care Select Sector SPDR ETF (XLV)

The Select Sector SPDR Trust - The Industrial Select Sector SPDR Fund (XLI)
 
The Select Sector SPDR Trust - The Materials Select Sector SPDR Fund (XLB)

The Select Sector SPDR Trust - The Technology Select Sector SPDR Fund (XLK) 

SPDR S&P Retail ETF (XRT) 

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After a "good enough" analysis; I would say most are in the extended or approaching the over/extended territory, with the exception of healthcare and retail.  

As odd as that may sound; if you're looking for trade ideas on the long side; pay attention to the healthcare and retail sector.  

I am. 
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What are your thoughts? 

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