{"id":228002,"date":"2025-07-29T09:16:41","date_gmt":"2025-07-29T13:16:41","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=228002"},"modified":"2025-07-30T03:52:23","modified_gmt":"2025-07-30T07:52:23","slug":"chart-advisor-offense-over-defense-says-risk-on-for-stocks","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/","title":{"rendered":"Chart Advisor: Offense Over Defense Says \u201cRisk On\u201d For Stocks"},"content":{"rendered":"\n

By\u00a0David Keller, CMT<\/a><\/p>\n\n\n\n

1\/ Offense Over Defense Says \u201cRisk On\u201d For Stocks<\/strong><\/p>\n\n\n\n

2\/ One Specialty Retailer Baking Up New Three-Month Highs<\/strong><\/p>\n\n\n\n

3\/ New Dow Theory Flashes \u201cBull Confirmed\u201d Signal<\/strong><\/p>\n\n\n\n

Investopedia is partnering with CMT Association on this newsletter. \u00a0The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade or hold positions in securities mentioned herein do not represent the views of CMT Association or Investopedia. Please consult a financial advisor for investment recommendations and services.<\/em><\/p>\n\n\n\n

1\/<\/h2>\n\n\n\n

Offense Over Defense Says \u201cRisk On\u201d For Stocks<\/strong><\/p>\n\n\n\n

Legendary technical analyst Bill Doane, who ran the technical research team at Fidelity in the 1970s, explained that they saw one of their chief goals as to determine whether the \u201coffense\u201d or \u201cdefense\u201d was in control of the market.\u00a0 My favorite ratio to track this relationship is very much favoring offense going into August.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The top panel tracks a simple ratio of the Consumer Discretionary Select Sector SPDR Fund (XLY) and the Consumer Staples Select Sector SPDR Fund (XLP).  The bottom panel uses equal-weighted ETFs tracking those same two sectors.  By tracking the movements in these two ratios, we can determine whether investors are rotating more to \u201cthings you want\u201d or \u201cthings you need.\u201d<\/p>\n\n\n\n

With both ratios making new three-month highs in July, this confirms that investors are favoring \u201cthings you want\u201d and suggests strong optimism for stocks.  If and when that ratio starts to turn lower, perhaps during the seasonally weaker months of August and September, that would mean more defensive positioning for investors and a more cautious conclusion for this basic gauge of investor sentiment.<\/p>\n\n\n\n

2\/<\/h2>\n\n\n\n

One Specialty Retailer Baking Up New Three-Month Highs<\/strong><\/p>\n\n\n\n

Let\u2019s look at two stocks from the Consumer Discretionary sector that feature constructive chart patterns in recent weeks.\u00a0 First, we\u2019ll review the chart of Williams Sonoma Inc. (WSM).<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Last week, WSM popped above resistance around $180, taking the stock above the price peak from early May.  This move to a new swing high came after WSM had found support at a cluster of moving averages, forming another higher low since the April market bottom.<\/p>\n\n\n\n

At the June and July swing lows, the Relative Strength Index (RSI) remained above the crucial 40 level.  Using the \u201crange rules\u201d approach with RSI, as popularized by legendary technical analyst Connie Brown, we can confirm a bullish phase for WSM.  As long as the RSI holds that 40 level on subsequent pullbacks, we\u2019ll remain optimistic that this consumer name could retest its January all-time high.<\/p>\n\n\n\n

3\/<\/h2>\n\n\n\n

Break Above the 200-Day? Just Do it.<\/strong><\/p>\n\n\n\n

Shares of Nike Inc. (NKE) have experienced a similar pattern of a breakout and then pullback, but in this case, the 200-day moving average has played a key part in the analysis.\u00a0 With a move back above the 200-day moving average, and improving trend characteristics, we see NKE as having rotated from a bearish to bullish phase.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Going into the April low, NKE was showing all the classic signs of distribution.  Price was making lower lows and lower highs, the moving averages were all sloping downwards, and the RSI was consistently in the bearish range below 60.  After an initial rally into May, Nike eventually pushed back above the 21-day exponential moving average and 50-day simple moving average.<\/p>\n\n\n\n

After its June 26th earnings release, NKE finally popped back above the 200-day moving average, followed by a classic pullback to retest moving average support.  With the stock back above the 200-day moving average, and the RSI back into the bullish range, we\u2019re seeing a confirmed uptrend phase until proven otherwise.  <\/p>\n\n\n\n

With this particular setup, the 21-day exponential moving average can often serve as an initial warning sign of an exhaustion of buyers.  But until we see a valid breakdown below this short-term trend gauge, we\u2019re expecting further upside for this thriving footwear stock.<\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally posted 29th July 2025<\/p>\n","protected":false},"excerpt":{"rendered":"

By\u00a0David Keller, CMT 1\/ Offense Over Defense Says \u201cRisk On\u201d For Stocks 2\/ One Specialty Retailer Baking Up New Three-Month Highs 3\/ New Dow Theory Flashes \u201cBull Confirmed\u201d Signal Investopedia is partnering with CMT Association on this newsletter. \u00a0The contents of this newsletter are for informational and educational purposes only, however, and do not constitute […]<\/p>\n","protected":false},"author":186,"featured_media":228003,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[14,18,6,8,9,22,23,26,3],"tags":[652,16878,262,5191,1283],"contributors-categories":[13686],"class_list":{"0":"post-228002","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-etfs","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-stocks","13":"category-technical-analysis","14":"category-text-articles","15":"category-traders-insight","16":"tag-nke","17":"tag-relative-strength-index-rsi","18":"tag-spy","19":"tag-wsm","20":"tag-xly","21":"contributors-categories-investopedia"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nChart Advisor: Offense Over Defense Says \u201cRisk On\u201d For Stocks<\/title>\n<meta name=\"description\" content=\"Legendary technical analyst Bill Doane, who ran the technical research team at Fidelity in the 1970s, explained that they saw one of their chief goals...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/228002\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Advisor: Offense Over Defense Says \u201cRisk On\u201d For Stocks | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Legendary technical analyst Bill Doane, who ran the technical research team at Fidelity in the 1970s, explained that they saw one of their chief goals as to determine whether the \u201coffense\u201d or \u201cdefense\u201d was in control of the market.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-29T13:16:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-30T07:52:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/07\/XLY_XLP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Contributor Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Contributor Author\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\"\n\t },\n\t \"headline\": \"Chart Advisor: Offense Over Defense Says \u201cRisk On\u201d For Stocks\",\n\t \"datePublished\": \"2025-07-29T13:16:41+00:00\",\n\t \"dateModified\": \"2025-07-30T07:52:23+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\\\/\"\n\t },\n\t \"wordCount\": 674,\n\t \"commentCount\": 0,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/07\\\/XLY_XLP.png\",\n\t \"keywords\": [\n\t \"NKE\",\n\t \"Relative Strength Index (RSI)\",\n\t \"SPY\",\n\t \"WSM\",\n\t \"XLY\"\n\t ],\n\t \"articleSection\": [\n\t \"ETFs\",\n\t \"Macro\",\n\t \"North America\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Stocks\",\n\t \"Technical Analysis\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"CommentAction\",\n\t \"name\": \"Comment\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\\\/\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\\\/\",\n\t \"name\": \"Chart Advisor: Offense Over Defense Says \u201cRisk On\u201d For Stocks | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/07\\\/XLY_XLP.png\",\n\t \"datePublished\": \"2025-07-29T13:16:41+00:00\",\n\t \"dateModified\": \"2025-07-30T07:52:23+00:00\",\n\t \"description\": \"Legendary technical analyst Bill Doane, who ran the technical research team at Fidelity in the 1970s, explained that they saw one of their chief goals as to determine whether the \u201coffense\u201d or \u201cdefense\u201d was in control of the market.\u00a0\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/07\\\/XLY_XLP.png\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/07\\\/XLY_XLP.png\",\n\t \"width\": 1600,\n\t \"height\": 800\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\",\n\t \"name\": \"Contributor Author\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/contributor-author\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chart Advisor: Offense Over Defense Says \u201cRisk On\u201d For Stocks","description":"Legendary technical analyst Bill Doane, who ran the technical research team at Fidelity in the 1970s, explained that they saw one of their chief goals...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/228002\/","og_locale":"en_US","og_type":"article","og_title":"Chart Advisor: Offense Over Defense Says \u201cRisk On\u201d For Stocks | IBKR Campus US","og_description":"Legendary technical analyst Bill Doane, who ran the technical research team at Fidelity in the 1970s, explained that they saw one of their chief goals as to determine whether the \u201coffense\u201d or \u201cdefense\u201d was in control of the market.\u00a0","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/","og_site_name":"IBKR Campus US","article_published_time":"2025-07-29T13:16:41+00:00","article_modified_time":"2025-07-30T07:52:23+00:00","og_image":[{"width":1600,"height":800,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/07\/XLY_XLP.png","type":"image\/png"}],"author":"Contributor Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Contributor Author","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/"},"author":{"name":"Contributor Author","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485"},"headline":"Chart Advisor: Offense Over Defense Says \u201cRisk On\u201d For Stocks","datePublished":"2025-07-29T13:16:41+00:00","dateModified":"2025-07-30T07:52:23+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/"},"wordCount":674,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/07\/XLY_XLP.png","keywords":["NKE","Relative Strength Index (RSI)","SPY","WSM","XLY"],"articleSection":["ETFs","Macro","North America","Region","Securities","Stocks","Technical Analysis","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/","name":"Chart Advisor: Offense Over Defense Says \u201cRisk On\u201d For Stocks | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/07\/XLY_XLP.png","datePublished":"2025-07-29T13:16:41+00:00","dateModified":"2025-07-30T07:52:23+00:00","description":"Legendary technical analyst Bill Doane, who ran the technical research team at Fidelity in the 1970s, explained that they saw one of their chief goals as to determine whether the \u201coffense\u201d or \u201cdefense\u201d was in control of the market.\u00a0","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-offense-over-defense-says-risk-on-for-stocks\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/07\/XLY_XLP.png","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/07\/XLY_XLP.png","width":1600,"height":800},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485","name":"Contributor Author","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/contributor-author\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/07\/XLY_XLP.png","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/228002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=228002"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/228002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/228003"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=228002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=228002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=228002"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=228002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}