Index Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
Consumer Discretionary Select Sector SPDR Fund (GIF:XLY)
Countertrend Up (+85) - XLY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid XLY?
MarketClub looks at technical strength and momentum to determine if the timing is right for XLY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XLY
The long-term trend has been UP since Sep 2nd, 2020 at 151.708
The intermediate-term trend has been UP since Sep 2nd, 2020 at 151.708
The short-term trend has been DOWN since Oct 15th, 2020 at 151.802
Smart Scan Analysis for XLY
Based on our trend formula, XLY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).