Look at the previous post on the ETF: BUZZ
Update on XLY, XLP vs SPY
January 13, 2023 by
What a difference a few days make.
Prices as of the close on Thursday, January 12, 2023.
Another Stock Market Indicator
January 10, 2023 by
In the past, I have illustrated a few ratios that have measured investor sentiment on future stock market direction.
In this post, I will add another, the relative strength between the consumer discretionary sector (XLY ) and consumer staples(XLP).
Historically when the consumer discretionary sector (XLY) outperforms the discretionary sector(XLP), the overall market (SPY) has been bullish.
The relative strength swap doe not always indicates a change, but the trade-off is always worth noticing.
The following is the relative strength of XLY vs XLP with the SPY as of the close of Monday, January 9, 2023.
As illustrated, XLP is still doing better than XLY.