I have this quotient
in my watchlist to monitor the risk appetite of the market. The AMEX:XLY ETF
(Consumer Discretionary) is a good indicator of high risk appetite because its holdings are more focus on growth therefore are more volatile. And the AMEX:XLP ETF
(Consumer Staples) is more focus in value stocks, therefore less volatile.
with holdings like NASDAQ:AMZN
. And AMEX:XLP
with holdings like NYSE:KO
Right now the quotinet XLY
is near a breakout off a base to make an all time high, while its 20 day moving average is croosing the 50 moving average. This are good news to this bull market.