Tag: XLY

S&P Might Need a Short-term Breather

the fact that the S&P finally broke above the 2016 rising trend line, which it has been penetrated over the past few days, was pretty bullish. Nevertheless, the return of overbought conditions on intraday basis suggested that the market might need a short-term breather. Now S&P has to trade around Wednesday’s breakout point and test it. That’s what the rest of this week may be about

Trading Strategy – Consumer Discretionary Select Sector SPDR ETF

  One of the noteworthy developments in recent days has been the move in consumer discretionary.  The group was under selling pressure in recent days following Netflix Inc. (NFLX) disappointing second-quarter earnings reports.  The Consumer Discretionary Select Sector SPDR ETF (XLY) fell 0.5 percent to 111.93, bringing its YTD gains down to just over 13 […]

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