Buying the Breakout in Consumer Discretionary

Published on
July 16th, 2019
Duration
6 minutes

Buying the Breakout in Consumer Discretionary

Trade Ideas ·
Featuring Katie Stockton

Published on: July 16th, 2019 • Duration: 6 minutes

Katie Stockton, CMT of Fairlead Strategies joins Real Vision to assess the recent breakout in the stock market and to highlight why consumer discretionary stocks should continue to outperform. She notes the momentum and relative strength of a popular consumer discretionary ETF, considers the price action of the individual components, and pinpoints key levels traders should watch out for when making the trade, in this interview with Jake Merl. Filmed on July 15, 2019.

Comments

Transcript

  • RB
    Rick B. | Contributor
    18 July 2019 @ 02:16
    We've been long it for In The Know Trader clients since early June at $113. Target was $124-$125. We exited it this week there. That's what makes a market.
  • KF
    Ken F.
    16 July 2019 @ 20:05
    DeMark upside 13s triggered all over this sector.
    • DB
      David B.
      17 July 2019 @ 16:38
      Katie does good work and worth listening to but, in this case, XLY is overbought on multiple time horizons.
  • MC
    Minum C.
    16 July 2019 @ 17:13
    Interesting that AMZN has under performed XLY since about October 2018. AMZN is the leader right? Any long-short ideas from this sector?
  • MT
    Mike T.
    16 July 2019 @ 12:32
    XLY at 139 by year end? Pre market on 7/16 has Option Market probability @ 8%. No thanks I'll pass.
  • BL
    Bart L.
    16 July 2019 @ 08:53
    Sold to you Katie, think I’ll take the other side during this earnings season.