Consumer Staples SPDR, week 7: signal loses steam
Consumer Staples SPDR slips 1% and stays boxed between support and resistance
Consumer Staples SPDR, week 7: signal loses steam
Our view last week
The Consumer Staples SPDR is in week 6 of a buy setup, but the picture has lost some shine: signal strength has dropped to 27 out of 100 and the setup quality indicator sits in a tension-of-maturity phase. The trade is still in profit since entry, and the model's first management window has already arrived — a moment to weigh a partial trim rather than fresh conviction.
This week's summary
Weekly technical analysis. The buy signal on the Consumer Staples Select Sector SPDR had just touched our model's first statistical reference, but the bounce has already faded: the week shed 1% and the trade slipped back into a small loss. Price is boxed between daily support and resistance, with 93% of volume on the buy side yet money flow still negative. Signal strength drops to 29 out of 100, fading: the signal is in its seventh week.
IQS Phase
61
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#119 / 129
US stocks in progress
Trade P&L %
-0.80%
from signal to today
restricted Platinum content