Our Upside Target Met In SPDR Consumer Discretionary ETF (XLY)
Posted on: Wednesday, August 29th, 2018
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.
XLY daily from 10-1-2017 to 08-28-2018
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.
Subscribers and interested investors can view our 2017 closed out trade ideas by Clicking Here.
To non-subscribers: Request more information about us, including service and pricing options, by visiting our Contact Us page or by calling 888-960-0005.
All Contents © Copyright 2005-2019 Asbury Research LLC. The contents of all material available on this Internet site are copyrighted by Asbury Research LLC. unless otherwise indicated. All rights are reserved by Asbury Research LLC., and content may not be reproduced, downloaded, disseminated, published, or transferred in any form or by any means, except with the prior written permission of Asbury Research LLC., or as indicated below. Members of Asbury Research LLC. may download or print web pages for personal or academic use, consistent with their user agreement. However, no part of such content may be otherwise or subsequently reproduced, downloaded, disseminated, published, or transferred, in any form or by any means, except with the prior written permission of and with express attribution to Asbury Research LLC. Copyright infringement is a violation of federal law subject to criminal and civil penalties.