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Tuesday, March 20, 2012 6:34:32 PM
Consumer Discretionary SPDR Hits 52-week High By Arthur Hill
* Tuesday, March 20, 2012
Want to gauge retail spending? Just take a look at the Consumer Discretionary SPDR (XLY), which hit a new 52-week high today. There are 80 stocks in this sector and most are dependant on consumer spending to drive revenues (think Disney, Macy's, Amazon, Starbucks, DR Horton). New highs in this sector SPDR suggest strong consumer spending ahead.
http://blogs.stockcharts.com/
George.
Click on "In reply to", for Authors past commentaries.
* Tuesday, March 20, 2012
Want to gauge retail spending? Just take a look at the Consumer Discretionary SPDR (XLY), which hit a new 52-week high today. There are 80 stocks in this sector and most are dependant on consumer spending to drive revenues (think Disney, Macy's, Amazon, Starbucks, DR Horton). New highs in this sector SPDR suggest strong consumer spending ahead.
http://blogs.stockcharts.com/
George.
Click on "In reply to", for Authors past commentaries.
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