The S&P Industrial Select Sector Index $IXI, (XLI) ETF, last week indicates a long term Bullish trend. The long term trend filter at or in excess of a 20% annualized rate of growth was indicated when it crossed from below to above, its’ 200 day moving average. Additionally, the Index is gaining momentum, by way of 5 day, and 21 day, breakouts indicated since the trend filter signal.
This is pure trend investing analysis. No predictions. No forecasts. No fundamentals. No news.
Blog comments welcome.
Buy signals loud and clear: