The bounce is real, but volume isn't buying it
XLP bounces 1.3% but money flow stays negative as the ETF tests resistance
The bounce is real, but volume isn't buying it
Our view last week
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.
This week's summary
XLP carved out a clean double bottom in the 82 area, with an intermediate 6% rebound, and this week it added 1.3%, pressing back toward the daily Bollinger Band's upper edge. The picture stays mixed, though: only 16% of yesterday's volume was on the buy side, and daily money flow is still negative. The buy signal, now in its eighth week, is running with a modest 0.46% gain.
IQS Phase
66
in tension
Signal Strength
27
low · fading
Sizing
MINIMUM
Ranking
#102 / 112
US stocks in progress
Trade P&L %
+0.46%
from signal to today
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