XLI fades for a second straight week
XLI slips 1.4%: the rally cools just under highs already rejected
XLI fades for a second straight week
Our view last week
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.
This week's summary
XLI is fading for a second week: after last week's 1.1% drop, this one closes down 1.4%, with sellers back in control (63% of volume) and momentum nearly halved. In our XLI technical analysis, the ETF sits boxed between the daily pivot average (179.5 area) and the lower daily Bollinger Band (177.8 area), just under highs already rejected three times. The 13-week-old trade stands at +3.4%.
IQS Phase
56
ordinary
Signal Strength
26
low · fading
Sizing
MINIMUM
Ranking
#103 / 112
US stocks in progress
Trade P&L %
+3.40%
from signal to today
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