Tag Archives: XLY

Defensive portfolios update:

Defensive portfolio repositioning gathering momentum; relative strength in consumer staples and utilities a clear indication

xlp_xly 07nov13

xlu_xli 07nov13

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Defensive portfolio repositioning: update

Defensive portfolio repositioning threatening to become the primary trend, as even the weekly XLP/XLY seems to have turned up

xlp 29oct13

xlpw 29oct13

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XLP:XLY Update: investors repositioning portfolios more defensively by the day

xlp 23oct13

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Relative Strength Study XLP-XLY and XLU-XLI

Relative strength upturns in XLP-XLY and XLU-XLI suggest defensive portfolio repositioning underway

xlp-xly 17oct13

xlu-xli 17oct13

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It’s one thing to lose leadership from autos and housing, losing the XLY sends another message entirely

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Retail drill-down raises questions – XLY, XRT, RTH

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$XLY – Support? – Not so Fast…

Consumer Discretionary names (XLY) are the majority of our short exposure right now.

We saw the sector trading into multiple support metrics in a broad market that is short-term oversold (a hazardous concept), and started to reduce some of that short exposure.

Over the course of the day, the selling momentum in the XLY did not slow down; in fact, it increased.  That, has us taking a second look at what we posted earlier today.

The XLY train ran hard into the close, and none of its negative momentum indicators slowed, or started to bottom.  We are concerned support may not hold.

We will continue to monitor the situation and update our outlook as the market dictates.

XLY’s sell-off weakens both market leadership and GDP prospects.

$XLY – Daily update

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Last Bastion of Market Leadership – XLY – an update

Our last commentary on the XLY was on October 23, 2012 - XLY signaling risk to 70% of U.S. GDP

We saw this space as fertile ground for short candidates and it produced big winners for us including MHP and TWC.  We are still short VFC,  and we posted a negative outlook on Macy’s earlier today, but we are re-assessing our short-term outlook for the XLY.

The XLY, the market’s last line of leadership; should hold important upcoming support, but temporarily only.

$XLY – Daily

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XLY signaling risk to 70% of U.S. GDP

XLY Daily

XLY Weekly

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More Divergences – COMPQ – MDY – XLY

Beachcomber sent in a trio of great charts that urge caution.  His charts are annotated with illuminating and educational commentary as always.

The quick takeaway is the rally highs in the DJIA and S&P 500 last week were unconfirmed by small-caps, mid-caps, and key sectors… (So far)

We get a lot of mileage from Beachcomber’s top-down market analysis when screening names for our portfolio.

Like a New England clambake, there are a lot of good morsels to feast on in this post – dig in and enjoy!

COMPQ – dont miss the RSI note

S&P MidCap ETF – MDY

XLY – a US GDP Proxy

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