Consumer Discretionary Select Sector SPDR Fund
  • XLY

  • $208

  • +2.34%
  • $208

  • $208

  • $207

Ticker Appearances

Daily Technical Strategy
Tue, July 9, 2024 | 8:29PM ET

Attractive areas within Consumer Discretionary to consider

US EQUITY TRENDS REMAIN BULLISH AND MILDLY OVERBOUGHT AFTER THIS RECENT EARLY JULY RUN-UP, AND IT REMAINS DIFFICULT TO FADE SPX OR QQQ AHEAD OF...

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Daily Technical Strategy
Tue, July 2, 2024 | 8:18PM ET

Market breadth might improve over the next couple weeks- Here’s Why

US EQUITY INDICES ARE LIKELY STARTING TO TURN BACK HIGHER TO NEW ALL-TIME HIGHS INTO MID-JULY (QQQ AND SPX ACCOMPLISHED THIS TODAY) DESPITE THE GROWING...

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Daily Technical Strategy
Thu, June 6, 2024 | 6:31PM ET

Is the Broader market ready to play Catchup?  Not quite Yet.. Here’s Why

S&P AND QQQ ARE NOW BACK TO NEW ALL-TIME HIGHS QUICKLY AS US TREASURY YIELDS HAVE BEGUN THEIR DESCENT.  THIS WON’T PROVE TO BE A...

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Thu, February 8, 2024 | 3:48PM ET

⚡ FlashInsights

Thu, February 8, 2024 | 3:48PM ET
Another day which is more interesting than the SPX net change might indicate with prices just marginally "green" at +0.06% at 4997.37 hovering just below 5000. Both Small and mid-caps are up sharply today, while both US Treasury yields and US Dollar have pushed higher. Large-Cap Tech influence is showing a rare period of underperformancce as FTNT 2.95% , AAPL -0.11% , ORCL 4.25% , AMD 0.45%  are all lower. Yet the strength of MPWR, ON, ANET, NXPI, AVGO gains are helping Semiconductor stocks and the broader equal-weighted Technology sector to show gains of more than 1%. Thus, while markets might seem flat today, Tech is actually showing some stellar outperformancel along with Equal-weighted Discretionary. Both of these RYT and RCD are up more than double what XLK 2.23%  and XLY 2.34%  are showing in Thursday's trading. As discussed previously, SPX 5000 has no real significance outside of psychological reasons, and likely should be surpassed next week.
Fri, February 2, 2024 | 12:07PM ET

⚡ FlashInsights

Fri, February 2, 2024 | 12:07PM ET
Today is showing an extraordinary amount of divergence that's been quite rare in recent months, if not years- Nasdaq is up 1.1% and SPX higher by 0.63%, but these indices are diverging substantially from actual market performance- meaning 9 out of 11 sectors are lower on the day and breadth is hugely bearish, by nearly 3/1 based on advance/decline as well as volume. Technology as a sector in Equal-weighted terms is actually down on the day (RYT -0.18%) while XLK 2.23%  and XLY 2.34%  are higher by +0.65% and +0.80% respectively. Thus, we're seeing a huge amount of outperformance by Large-Cap Technology that's been rare for even recent months. Technically for those who don't study internals, it appears like the market's having a great day. However, it's often a warning sign if most stocks are falling, but a select few (META -1.64%  +20% today alone, AMZN +7%) are carrying markets while the broader market suffers. Since most investors follow and are benchmarked to the SPX, it's right to study SPX technicals. Yet, this large-cap divergence is growing more extreme, and it's just worth pointing this out on a rainy Friday- Have a good weekend All!

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