The chart below shows that the SPDR Consumer Discretionary ETF (XLY) met our May 21st 116.00 upside target, as shown in our Keys To This Week report for Market Sectors and Industry Groups, on August 28th to capture a 10.55 point, 10% rise in just over 3 months.
XLY also outperformed the S&P 500 (SPX) by 3.5% during the same period.
Here is the chart.
We publish these notifications for 3 reasons:
- to let Asbury Research subscribers know when to consider taking profits on existing positions,
- to let non-subscribers track what we are doing in the market, in real time, and
- to make everyone aware of a potential upcoming price reversal as price advances often end as upside targets are met and more savvy investors take profits.
Asbury Research subscribers can view our latest research on the US stock market, market sectors, US interest rates, ETFs and commodities, as well as a table with our current picks in US stocks, ETFs, and global indexes, by logging into the Research Center via the big gold button in the upper right corner of the screen.