Consumer Discretionary Stocks: In Trouble?

February 22nd, 2013
in contributors, syndication

The Consumer Discretionary Select SPDR ETF is On the Verge of a Negative Technical Signal

by Michael Paulenoff, Precision Stock Picks

The consumer discretionary ETF (NYSE:XLY), and many of its component precisionstockpicksnames such as Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Comcast (NYSE:CMCSA),  Ford(NYSE:F), and Starbucks (NASDAQ:SBUX), saw a great deal of pressure Wednesday and Thursday (20-21 February).  XLY is poised to put in a significant WEEKLY downside reversal after climbing nearly 11% during the first 7 weeks of 2013. Is this a sign of consumer fatigue?  What are the wider implications should this occur?

Follow up:

Click on info graphic for larger image.


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved