Consumer Discretionary Select Sector SPDR Fund

  • XLY

  • $218.10

  • +1.44%

  • $215.62

  • $218.73

  • $215.62

FSI Sector Allocation

Ticker Appearances

Daily Technical Strategy
Tue, July 9, 2024 | 8:29PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

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
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

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
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

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
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
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 -1.33% , AAPL 0.64% , ORCL -0.04% , AMD 0.55%  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 0.14%  and XLY 1.44%  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.
Tickers
Fri, February 2, 2024 | 12:07PM ET

⚡ FlashInsights

Fri, February 2, 2024 | 12:07PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
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 0.14%  and XLY 1.44%  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 -0.71%  +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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