Consumer Discretionary Sector November Outlook—Bullish Reversal Still Intact Despite an October Pause
Slowly progressing through a bullish reversal that started in August
AMZN
ETFsector.com Daily Trading Outlook, October 8th, 2024
S&P futures are up 0.4% in Tuesday premarket trading, bouncing back after a weaker Monday session driven by rising Treasury yields. Big tech was mostly down yesterday, except for NVDA, which outperformed. European markets are weaker today, following a mixed session in Asia where China returned from its Golden Week holiday. Treasuries are mixed, with
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Narrations of a Sector ETF Operator | Weekly Market Letter, September 8, 2024
With Mag7 near-term oversold, the bull will show its hand (or not) this week.
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ETFsector.com Daily Trading Outlook, August 1, 2024
Wednesday saw a snap back towards Semiconductor and Technology shares spurring a big day for equities. Among the large cap. indices, the Nasdaq paced the advance adding 2.64% while the S&P 500 gained 1.58% and the Dow, 0.24%. Among sectors, the XLK led on the day surging 4.24% higher on renewed strength from Semiconductor buying.
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Trade Signal Recap: Reiterate BUY XLY, July 9, 2024
The Consumer Discretionary Sector has shown aggregate technical improvement at the sector level. XLY registered as a long position in our Elev8 Sector Rotation Model at the end of June, 2024 (ETFsector XLY July Outlook) and has since generated several bullish confirmation signals in our process. We will be providing trading signal updates and analysis
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XLY Consumer Discretionary Sector SPDR July Outlook—Discretionary stocks may have finally put in a durable low in June as investors shift views on Fed. policy expectations from hawkish to dovish
XLY has shown signs of bottoming as inflation has continued to dissipate. Investors are starting to gain conviction that the Fed. will be more accommodative to equities in its forward interest rate policy prescriptions as a flagging consumer and slowing industrial production have the potential to supplant inflation as a primary concern.
ETFsector.com Daily Trading Outlook, June 27, 2024
XLY, Transports showing signs of life. Adding some bullish peripherals to the strong Growth stock performance that has been the foundation of this bull market
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