Materials ETF: XLB's MACD flips back bullish
XLB climbs 1.9% as the MACD crosses back above Signal after 15 weeks
Our view last week
XLB, the US materials sector ETF, gives back just 0.6% after last week's strong rebound, even with 76% of volume on the sell side: money flow stays positive and keeps climbing, a sign sellers aren't really driving this market. On the daily chart price keeps building higher lows, from the 50 area toward 52. The trade has been open 18 weeks, up 1.12%: technical analysis of XLB and the levels to watch.
This week's summary
XLB, the US materials sector ETF, closes the week up 1.9% as the MACD crosses back above its Signal line after 15 weeks below it: buyers took charge again, with 91% of weekly volume on the buy side after a week dominated by sellers. The materials sector stays in a strength phase (+5.35% over the past month). The trade has been open for 19 weeks, up 3%: technical analysis of XLB and the levels to watch.
IQS Phase
80
in tension / maturity
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#144 / 167
US stocks in progress
Trade P&L %
+3.04%
from signal to date, no stop loss
Rank position
ranks 144th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 29 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLB
Sector regimein strong phase
Performanceweekly +1.90% · monthly +5.35%
XLB belongs to the etf settoriale sector (reference ETF XLB). The sector is classified in strong phase according to our weekly reading.
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