
The Financial Select Sector SPDR ETF ($XLF) is currently trading at $51.29, reflecting a decrease of 1.02%. This decline occurs as the ETF approaches a buy zone, supported by strong quarterly reports from financial stocks that indicate continued momentum in the sector. In contrast, the Consumer Discretionary sector ETF ($XLY) is the only one among eleven sectors below its 50-day moving average, having dropped over 1% today. Meanwhile, the Consumer Staples sector ETF ($XLP) has gained 0.3%, highlighting a rotation in market dynamics where defensive and non-cyclical stocks are performing better than recent losers. The Consumer Staples sector is outpacing Consumer Discretionary by 7.6% so far this month, marking the widest gap since December 2022. Overall, nine out of eleven U.S. sectors are above their 200-day moving average, indicating a healthy market breadth consistent with bullish trends.
Consumer Staples sector has swung higher and is right near an all-time high (top), but breadth has deteriorated considerably over the past few months (bottom) https://t.co/1vKPs9r1A6
So far this month, Consumer Staples sector is outpacing Consumer Discretionary by 7.6% ... widest gap since December 2022 https://t.co/06Ll2Ze2dj
9 out of 11 US sectors are above their 200 day moving avg. The other 2 are only 1-2% below. S&P500, DJ Industrial Avg, Nasdaq100, Russell2000, Midcap400 & DJ Transportation Avg all above their 200 day. This strong market breadth is perfectly consistent with healthy bull markets.



