SELECT SECTOR SPDR CONSUMER DISCRETIONARY ETF - XLY
Monthly chart showx continued weakness. No buy signal/pattern evident on this timeframe.
Weekly chart shows consolidation/trading range. Last week's trading activity showed weakness and the bears took back over 50% of the gains from the week before. Look for continued weakness next week.
Daily chart shows increased selling pressure on Friday, as the bears gapped down the open and traded lower all day.
Sunday, April 13, 2008
Consumer Discretionary Sector Update for 04.13.2008
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