S&P 500 Top 50 ETF · Open buy, week 8
XLG slips 0.1% and stays capped below its all-time high: still no breakout
Our view last week
XLG, the Invesco ETF on the S&P 500's 50 largest names, adds 1.8% and stops just short of its all-time high, less than 1% below it. Buyers took 88% of the last session's volume and the weekly MACD keeps rising. The breakout awaited last week has yet to come, though, and weekly volume is contracting. XLG technical analysis shows a mature trade among the weekly buy signals, one to manage in swing trading with care.
This week's summary
XLG, the Invesco ETF on the S&P 500's 50 largest names, ends the week almost flat, down 0.1%, and sits less than 1% below its all-time high: it came close again and failed to clear it. The awaited breakout is still missing. The weekly MACD keeps improving and weekly money flow stays positive, but an ADX at 11 tells of a trend with no direction. XLG technical analysis, read through price action, shows a fading buy signal, one to manage with care in swing trading.
IQS Phase
71
in tension
Signal Strength
20
low · fading
Sizing
MINIMUM
Ranking
#87 / 93
US stocks in progress
Trade P&L %
+1.50%
from signal to date, no stop loss
S&P 500 Top 50 (XLG) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 87th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 20 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
XLG belongs to the etf broad sector (reference ETF ).
restricted Platinum content