Articles tagged with XLY

There have been three sectors that have outperformed the S&P 500 over the past three months and they are: technology (XLK), consumer discretionary (XLY), and communication services (XLC). These three sectors represent 26.01%, 10.09%, and 8.11%, respectively, of the S&P 500. That TOTALS 44.21% of the S&P 500. One of the best-performing ETFs has been the VanEck Vectors Morningstar Wide Moat ETF (MOAT):...keep reading

For a long time, and certainly throughout 2022, consumer discretionary (XLY) was under tremendous selling pressure as both Amazon.com (AMZN) and Tesla (TSLA), the top two component stocks in the ETF, fell precipitously. However, both stocks have now stabilized, despite the weak response to AMZN's quarterly report on Friday, and we're now seeing this key consumer ETF outpacing the more defensive consumer area - staples (XLP):...keep reading

Last Thursday and Friday provided us a glimpse of what the next several months could look like. Early this year, I expected that the stock market would unravel, but then rally back late in the year as lower interest rates spurred growth stocks after 9-10 months of relative devastation. Below is a chart that highlights key support levels of the 10-year treasury yield ($TNX), along with the relative performance of several key growth vs. value ratios:...keep reading

Growth stocks have been struggling as the 10-year treasury yield ($TNX) continues to climb higher and higher. The Fed hasn't backed down from its aggressive rate-hiking campaign and technology stocks (XLK), along with stocks in consumer discretionary (XLY) and communication services (XLC) are not offering many uptrending stocks. But that doesn't mean there aren't strong and strengthening stocks out there....keep reading

One of the tools at StockCharts.com that isn't discussed often enough is the correlation coefficient. You can access it by looking under "Indicators" and finding "Correlation" on the drop down menu. This indicator allows you to compare how closely any two symbols are correlated - either positively (above 0 with highest level +1) or negatively (below 0 with lowest level -1)....keep reading

From prior options expiration weeks, we KNOW how quickly things can change during "Opposite George" (Seinfeld reference) week. We've seen the stock market move mostly straight up since the June 17th low and, in particular, the past four weeks. The S&P 500 hit a low of 3721.56 on July 14th and we hit a high on Thursday of 4257.91. That's more than 536 points higher in 4 weeks! Below highlights sector performance over the past month:...keep reading