XLI Industrials SPDR June Outlook—Industrials had a rough month in May, but are now back to near-term support in both absolute and relative terms
We are remaining long XLI as it is deeply oversold near-term and tactically attractive if we see profit taking from L/T winning sectors XLK and XLC. We also like it as a partial hedge to our short position in XLE. Our Elev8 Sector Model debuts with an OVERWEIGHT in XLI of 2.46%