🔎 The Consumer Eyes a Breakout

One of the few data points bears could lean on was the fact that consumer discretionary — one of the most economically critical sectors — had failed to break higher and was rolling over at a logical area of resistance.

That’s starting to shift. Bulls have come out swinging again this week, and the consumer sector is once again eyeing a major breakout.

We’re keeping a close watch on XLY over the coming weeks. A breakout here would be a strong signal that stocks have plenty of room to run.