XLY: fresh buy signal on the US consumer discretionary ETF
XLY ETF climbs 3.2% as a fresh buy signal opens on US consumer stocks
XLY: fresh buy signal on the US consumer discretionary ETF
Our view last week
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.
This week's summary
XLY, the SPDR ETF tracking US consumer discretionary stocks, closes the week up 3.2% and moves back within a step of its recent highs, near the 120 area. The advance doesn't fully convince: even with 70% of daily volume on the buy side, money flow stays negative, and price action still flags a distribution phase. A fresh buy signal fires on the sector all the same — our weekly technical analysis on XLY ranks it 18th among the 20 new US Longs, with strength still modest.
IQS Phase
58
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#18 / 20
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 18th among the 20 fresh Longs for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLY
Sector regimein strong phase
Performanceweekly +3.25% · monthly +3.95%
XLY belongs to the etf settoriale sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
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