Karpel’s Corner: Consumers Rule the Rally

Welcome to Karpel’s Corner. This is where I throw out my thoughts on the markets and share some of my favorite strategies. I keep it market-focused, and never miss an opportunity to teach trading strategies and commentate on the latest trends affecting the financial markets. Hope you enjoy today’s post!

Consumers are the lifeblood of the economy and, right now, the market.

The Consumer Discretionary ETF ($XLF) bounced off July lows, broke out, and is poised to challenge $68. Disney ($DIS), the biggest component in this sector ETF,  is breaking out to new highs. This is important if the bulls want to continue this push.

With the Housing data out, home improvement giant Home Depot ($HD) is hitting new highs in what is traditionally a slow cycle for the stock.

This is interesting action into the data. Have a great trading day!

See you next time at the Corner!