XLB at week 10: signal alive, double bottom, third management window open

The State Street Materials Select Sector SPDR ETF is at week 10 of an active buy signal: 2 of the 3 statistical references of our most advanced model have already been hit, and this week the third management window opens. Signal strength stands at 35 out of 100 — medium-weak — and a double bottom has formed in the 49 area on the daily chart. The picture points to active management, not reinforcement.