XLP (Consumer Staples) I bought this against the most recent 200
day test and feel it will continue to be a good place to be. No
need to just rush in at any price, though I've noticed when the
market goes risk on, it gets some intraday weakness. Closed green
yesterday though again amidst the market down day, which I think is
an indication of how important the staples will be and that
shortages may hit the US at some point, not just increased prices
like we are seeing now.
Some interesting historic facts, if owning a 50/50 portfolio of
Consumer Staples and Technology. XLP/QQQ , one could achieve 90% of
the return of tech alone but have about half the
volatility.
Here are the holdings, to me the best companies in the world as
they have pricing power and sell things that people NEED regardless
of what the economy is doing:
This worked out beautifully, I'll sell the remainder of my
shares today as it is near 80 now and overbought. An oversold to
overbought move is the holy grail in swing trading. Can't ask for
more than that and I wasn't expecting that kind of run.
I only trade indexes and sectors. No individual names for me as
they are too much of a popularity contest and abused by algos and
market makers. To each is own. It took me years to find my
specialty and I stick to it. If I want more conviction, I go with
leverage
Sold about 1/2 my position when it hit $78.50s today. Heck of a
steady run from $72 off the 200 day. Still like it, though getting
very overbought short term.
XLP (Consumer Staples) I bought
Posted by fundamentalvalues on 31st of Mar 2022 at 07:33 am
XLP (Consumer Staples) I bought this against the most recent 200 day test and feel it will continue to be a good place to be. No need to just rush in at any price, though I've noticed when the market goes risk on, it gets some intraday weakness. Closed green yesterday though again amidst the market down day, which I think is an indication of how important the staples will be and that shortages may hit the US at some point, not just increased prices like we are seeing now.
Some interesting historic facts, if owning a 50/50 portfolio of Consumer Staples and Technology. XLP/QQQ , one could achieve 90% of the return of tech alone but have about half the volatility.
Here's the chart: https://schrts.co/MCaIRZBF
Here are the holdings, to me the best companies in the world as they have pricing power and sell things that people NEED regardless of what the economy is doing:
https://finance.yahoo.com/quote/XLP/holdings?p=XLP
This worked out beautifully, I'll
Posted by fundamentalvalues on 20th of Apr 2022 at 08:29 am
This worked out beautifully, I'll sell the remainder of my shares today as it is near 80 now and overbought. An oversold to overbought move is the holy grail in swing trading. Can't ask for more than that and I wasn't expecting that kind of run.
Nicely done - when did
Posted by watcdy on 20th of Apr 2022 at 08:37 am
Nicely done - when did you enter near the March lows ?
Right around the 200 day,
Posted by fundamentalvalues on 20th of Apr 2022 at 08:38 am
Right around the 200 day, yes
Thx- like the idea of
Posted by watcdy on 20th of Apr 2022 at 08:40 am
Thx- like the idea of the Etf or indices vs individual names
I only trade indexes and
Posted by fundamentalvalues on 20th of Apr 2022 at 08:43 am
I only trade indexes and sectors. No individual names for me as they are too much of a popularity contest and abused by algos and market makers. To each is own. It took me years to find my specialty and I stick to it. If I want more conviction, I go with leverage
Sold about 1/2 my position
Posted by fundamentalvalues on 7th of Apr 2022 at 06:56 pm
Sold about 1/2 my position when it hit $78.50s today. Heck of a steady run from $72 off the 200 day. Still like it, though getting very overbought short term.
Insightful..thank you
Posted by shellson2 on 31st of Mar 2022 at 09:12 am
Insightful..thank you