The Consumer Staples SPDR is breaking down vs. SPY on the weekly line chart. The break below the channel line would magically disappear if the ratio recovers in month for July. But as of now, it’s a breakdown and its indication is risk ‘on’ and bullish. XLP’s more well-heeled cousin, XLY (consumer discretionary) is rising vs. XLP in would-be negation of a bearish analog we’ve … Continue reading ‘vs. SPY’; Bullish Signs From the Consumer