SPDR Select Sector Fund - Consumer DiscretionaryArca
Description
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My two most favorite indicators (RSI+MACD; not too crazy) just broke their monthly trends.
I think consumption data should be followed more closely in the next quarter to provide us with reassurance that the consumer remains strong. Watch unemployment to remain contained, sentiment remain broadly positive - Umich, NFIB smallbus, OECD CEO - and that Homebuilder data continues this recent acceleration and wasn't just a one-off very strong month for NAHB, permits, & starts.
- RH
Comment
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There's an old quote that goes something like, "You can often find out what's happening in the economy by looking what's happening in the charts"