SPDR S&P Retail ETF

  • TickerXRT
  • ISINUS78464A7147
  • ExchangeNYSE Arca
  • SectorNonequity Investment Instruments
  • CountryUnited States
Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Still Bullish, But With Reservations And just like that, the S&P 500, Nasdaq, and the Dow have reclaimed new highs despite ongoing coronavirus concerns, as a buy the dip strategy has paid off. Primarily responsible for new highs in these indexes is Technology (esp. software and semis/semi suppliers) and FAANG stocks. While these areas all remain bullish, we still have some reservations due to the massive disparity in performance between them and the Materials (XLB, XME) and Energy (RYE) Sectors, and also small-caps (IWM) which continue to hit new RS lows. Still, the Materials and Energy Secto...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Add Exposure to Emerging Markets, Retail Several recent positive developments are encouraging and incrementally improve our outlook, however there are several other items on our bull market wish list that have yet to be checked off. Our outlook remains neutral. • EM, Retail Bottoming. Bullish price and RS reversals in EM (EEM) is a very positive signal for the broad market as it indicates improving risk appetites. After all, it is one of the riskiest asset classes. Bottoming price and RS in Retail (XRT) is also a very positive signal as it shows the consumer is alive and well... see charts b...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

A defensive shift as volatility returns A multitude of concerns including rising interest rates, China-U.S. trade tensions, fears of margin contraction, and a tight labor market has led to a breakdown in the S&P 500's uptrend. Our outlook is extremely cautious. And, to the extent that none of the aforementioned concerns have been resolved, we are likely to see a prolonged period (likely several weeks) of consolidation, volatility, and lower prices as the market attempts to find a bottom. In addition, we believe a retest of the early-2018 lows - and potentially lower – cannot be dismissed. • ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

S&P 500 at new all-time highs with uptrend intact Risk-on. The S&P 500 has surpassed the January all-time high, staying above this level for over a week. What's more important is the 5-month uptrend remains intact and cyclical/risk-on areas are reasserting their leadership status. Think technology, discretionary, and biotech/medical devices - all current overweights. At the same time, defensive areas have petered out in terms of relative strength, exactly what we want to see in a healthy bull market. Notwithstanding normal countertrend pullbacks, we expect to stay in the bull camp as long as ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Consumer Discretionary; Outlook increasingly bullish Upgrading Consumer Discretionary. The XLY's price and relative strength are breaking topside resistance to new highs... see below (right) and page 5. Market outlook and internals. Market internals continue to improve, which bolsters our increasingly bullish outlook. The Cyclicals vs. Staples ratio (XLY/XLP) continues to advance to new highs, confirming a risk-on environment. Also, one of the few previously concerning indicators we've highlighted has been the SPY's percentage of stocks above their 200-day moving average. Our conce...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Still Bullish, But With Reservations And just like that, the S&P 500, Nasdaq, and the Dow have reclaimed new highs despite ongoing coronavirus concerns, as a buy the dip strategy has paid off. Primarily responsible for new highs in these indexes is Technology (esp. software and semis/semi suppliers) and FAANG stocks. While these areas all remain bullish, we still have some reservations due to the massive disparity in performance between them and the Materials (XLB, XME) and Energy (RYE) Sectors, and also small-caps (IWM) which continue to hit new RS lows. Still, the Materials and Energy Secto...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Add Exposure to Emerging Markets, Retail Several recent positive developments are encouraging and incrementally improve our outlook, however there are several other items on our bull market wish list that have yet to be checked off. Our outlook remains neutral. • EM, Retail Bottoming. Bullish price and RS reversals in EM (EEM) is a very positive signal for the broad market as it indicates improving risk appetites. After all, it is one of the riskiest asset classes. Bottoming price and RS in Retail (XRT) is also a very positive signal as it shows the consumer is alive and well... see charts b...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

A defensive shift as volatility returns A multitude of concerns including rising interest rates, China-U.S. trade tensions, fears of margin contraction, and a tight labor market has led to a breakdown in the S&P 500's uptrend. Our outlook is extremely cautious. And, to the extent that none of the aforementioned concerns have been resolved, we are likely to see a prolonged period (likely several weeks) of consolidation, volatility, and lower prices as the market attempts to find a bottom. In addition, we believe a retest of the early-2018 lows - and potentially lower – cannot be dismissed. • ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

S&P 500 at new all-time highs with uptrend intact Risk-on. The S&P 500 has surpassed the January all-time high, staying above this level for over a week. What's more important is the 5-month uptrend remains intact and cyclical/risk-on areas are reasserting their leadership status. Think technology, discretionary, and biotech/medical devices - all current overweights. At the same time, defensive areas have petered out in terms of relative strength, exactly what we want to see in a healthy bull market. Notwithstanding normal countertrend pullbacks, we expect to stay in the bull camp as long as ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Consumer Discretionary; Outlook increasingly bullish Upgrading Consumer Discretionary. The XLY's price and relative strength are breaking topside resistance to new highs... see below (right) and page 5. Market outlook and internals. Market internals continue to improve, which bolsters our increasingly bullish outlook. The Cyclicals vs. Staples ratio (XLY/XLP) continues to advance to new highs, confirming a risk-on environment. Also, one of the few previously concerning indicators we've highlighted has been the SPY's percentage of stocks above their 200-day moving average. Our conce...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch