XLP Forecast + Trading Strategies


Bullish Case: With historical resilience and current low implied volatility, XLP is primed for stability or slight gains. The defensive nature of consumer staples shields against market turbulence.


Bearish Case: Economic headwinds and potential negative earnings surprises could lead to downward pressure. Elevated put volume and market's negative outlook imply vulnerability.


Potential Outcomes:

1. Sideways trend (55%) due to stability in consumer staples.

2. Slight upward movement (25%) driven by defensive strength.

3. Modest decline (20%) from economic pressures.


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July 20, 2024


Consumer Staples Select Sector SPDR Forecast

XLP      Consumer Staples Select Sector SPDR











Correlated Assets

Assets that tend to move strongly with XLP



KO Forecast + Options Trading Strategies   KO  Coca-Cola (0.92)


GM Forecast + Options Trading Strategies   GM  General Motors (0.9)


CHD Forecast + Options Trading Strategies   CHD  Church & Dwight Co. (0.9)


DAL Forecast + Options Trading Strategies   DAL  Delta Air Lines (0.9)


TSCO Forecast + Options Trading Strategies   TSCO  Tractor Supply (0.89)



Uncorrelated Assets

Assets with little price relationship to XLP



RDFN Forecast + Options Trading Strategies   RDFN  Redfin (-0.0)


LEA Forecast + Options Trading Strategies   LEA  Lear (-0.0)


CIM Forecast + Options Trading Strategies   CIM  Chimera Investment (0.0)


HZO Forecast + Options Trading Strategies   HZO  Marinemax (0.0)


PRGO Forecast + Options Trading Strategies   PRGO  Perrigo (0.0)



Anticorrelated Assets

Assets that tend to move strongly against XLP



SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.79)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.8)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.81)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.81)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.81)


XLP News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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