S&P 500 Top 50 ETF, week 7 of a sell signal
XLG slips 1.2% as sellers stay in charge even with ADX fading
S&P 500 Top 50 ETF, week 7 of a sell signal
Our view last week
On XLG the sellers are back in charge: after two recovery weeks that never confirmed the sell signal, this week the tape flips, with three-quarters of volume on the sell side and a 2% decline. Money flow, already fading last week, slides further negative and momentum has turned negative again. The price is boxed into a tight band between a support and a resistance right nearby — the sixth week of management, still without a real turn.
This week's summary
On XLG the sellers stay in control: the week closes at -1.2%, with 88% of volume on the sell side, above the already-high 75% from the prior week. Money flow slides further negative and momentum has turned negative again, while ADX keeps falling for the 4th straight week: the trend is losing conviction even as price keeps giving ground. The stock remains boxed between a support and a resistance right nearby, the same tight cage as seven days ago.
IQS Phase
72
in tension
Signal Strength
59
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#30 / 141
US stocks
Trade P&L %
+2.19%
from signal to today
Rank position
ranks 30th among the 141 sell signals for US stocks in our ranking, with a signal strength of 59 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 ).
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