XLC Strong Sector / Ready for Flat Base Breakout?

Long

The Communication Services Select Sector SPDR Fund (AMEX:XLC)

Updated

AMEX:XLC The Communication Services Select Sector SPDR Fund

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The Communications Sector has been doing well in this choppy market. This Weekly Chart shows

XLC forming a flat base. And compared to other sectors it is showing good Relative Strength.
I have set an alert on the resistance line. If the market starts firming up and this triggers, I will use a lower timeframe to determine a good entry and stop loss.

Ideas, not investing / trading advice. Comments welcome. Thanks for looking.

Comment:

Here are the top holdings if looking for individual stocks, listed by weighting:

META ,

GOOGL ,

GOOG ,

CMCSA ,

ATVI (just bought by

MSFT ),

CHTR ,

TMUS ,

NFLX ,

VZ and

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.

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