XLY has rallied to and thru previous support on decreasing volume. It is currently oversold and retesting the previous swing high.
The main holdings in XLY are:
- Amazon
-Tesla
(these two make up over 35%)
-Home Depot
-Nike
-McDonald's
-Lowes
-Starbucks
-Target
-Booking
-TJX
Consumer disposable income is hovering around the Jan 2020 lows (fred.stlouisfed.org/series/DSPIC9 )
Inflation expectations continue to rise (clevelandfed.org/our-research/indicators-and-data/inflation-expectations.aspx)
As always, this is just food for thought!
The main holdings in XLY are:
- Amazon
-Tesla
(these two make up over 35%)
-Home Depot
-Nike
-McDonald's
-Lowes
-Starbucks
-Target
-Booking
-TJX
Consumer disposable income is hovering around the Jan 2020 lows (fred.stlouisfed.org/series/DSPIC9 )
Inflation expectations continue to rise (clevelandfed.org/our-research/indicators-and-data/inflation-expectations.aspx)
As always, this is just food for thought!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.