US industrial ETF: the rally loses some steam
XLI slips 1.1% this week as sellers reclaim the weekly volume lead
US industrial ETF: the rally loses some steam
Our view last week
The Industrial Select Sector SPDR ETF (XLI) is in week 11 of a buy signal, up 5.99% since opening. The model has already hit all 3 of its price references: coverage is complete, and the stop now trails the weekly Inversion Point. Signal strength, though, has faded considerably — a detail worth watching in the coming weeks.
This week's summary
Weekly technical analysis. XLI, the US industrial sector basket, is losing steam after weeks of a push higher: the latest week closed down 1.1%, with sellers slightly back in charge and volume contracting — the same fading strength flagged last week continues. Under the surface the picture stays orderly, with the structural averages aligned and price above the Ichimoku cloud, but money flow has been thinning for a month now. The trade is in its 12th week, up 4.85% since opening.
IQS Phase
65
ordinary
Signal Strength
20
low · fading
Sizing
MINIMUM
Ranking
#125 / 129
US stocks in progress
Trade P&L %
+4.85%
from signal to today
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