π Daily ETF Overview
Last week in our sector review, we noted that consumer stocks were on breakdown watch. Since Friday, however, buyers have stepped in decisively. If this strength carries through the next few sessions, it could signal the early stages of a renewed rally.
The Consumer Discretionary ETF $XLY, which had broken down, has now pushed back into its prior range and is approaching the threshold of a long-term breakout once again.
These are exactly the kinds of developments we want to see for an end-of-year rally.
Weβre entering the window where ASC historically finds its biggest winners.