XLY outperforms sectors


A series of bullish candlesticks brought the price of XLY – the Consumer Discretionary Select Sector SPDR Fund – from the lower Bollinger Band, up and above its 10- 20- and 50-day exponential moving averages to the upper Bollinger Band.

XLY is already moving just below the upper Bollinger Band and above its 10-day exponential moving average, a channel that indicates a strong uptrend. As usual, this bullish trend is also marked by the rising 10- 20- and 50-day exponential moving averages that have started to diverge, a sign that the bullish momentum is getting stronger.

This momentum buildup is already evident in MACD, which is moving above its signal line.

Finally, XLY’s Relative Strength shows that this sector outperforms SPY, our benchmark.


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