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SPY_VIX_TRADER

XLY Ready for the next leg down?

Short
SPDR Select Sector Fund - Consumer Discretionary (AMEX:XLY)  
SPY_VIX_TRADER  
AMEX:XLY   SPDR Select Sector Fund - Consumer Discretionary
Chart Patterns Technical Indicators Fundamental Analysis XLY SPDR S&P 500 ETF (SPY)
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chartpattern indicator fundamental xly spy
XLY has rallied to and thru previous support on decreasing volume. It is currently oversold and retesting the previous swing high.

The main holdings in XLY are:
- Amazon
-Tesla
(these two make up over 35%)

-Home Depot
-Nike
-McDonald's
-Lowes
-Starbucks
-Target
-Booking
-TJX

Consumer disposable income is hovering around the Jan 2020 lows (fred.stlouisfed.org/series/DSPIC9 )
Inflation expectations continue to rise (www.clevelandfed.org...on-expectations.aspx)

As always, this is just food for thought!

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