Sector Spin – Discretionary Industries
By Terry Long March 11th, 2021
Consumer Discretionary Industries – Welcome to the Sector Spin with Terry. In this video series, I share with you what I’m watching each week in various Sector industry subgroups. This week, I’m going to take a look at some industry subgroups in the Consumer Discretionary Sector. At the time of this recording, the XLY is up over 6% this week, rebounding sharply from its 200-day MA. I am anticipating that this level of positive price action will likely result in a hook formation in the XLY RRG Vector.