US sector ETF - Sell signal, week 6
XLY jumps 6.1%: the Sell signal on discretionary retail loses steam
US sector ETF - Sell signal, week 6
Our view last week
The Consumer Discretionary sector is hitting the brakes hard: XLY, the SPDR ETF tracking the US retail and discretionary space, shed 5.2% this week with 86% of volume on the sell side. Our XLY technical analysis shows money flow back in distribution and the weekly MACD turning negative again, while the daily chart still holds a double bottom in the 111 area with a 10% intermediate rebound. The sell signal, open for five weeks now, is worth 4.3% in profit.
This week's summary
A sharp bounce for XLY, the SPDR ETF tracking the US retail and consumer discretionary sector: +6.1% this week, with 95% of volume on the buy side after last week's selloff. Our technical analysis on XLY shows the rebound starting off the daily EMA20, in the 111 area, while the Sell signal loses steam: the trade slips back into a small loss as money flow stays in distribution.
IQS Phase
62
ordinary
Signal Strength
21
decline fading out
Sizing
MINIMUM
Ranking
#50 / 138
US stocks
Trade P&L %
-1.50%
from signal to date, no stop loss
Rank position
ranks 50th among the 138 sell signals for US stocks in our ranking, with a signal strength of 21 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
XLY belongs to the etf settoriale sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content