(Premium) Consumer Discretionary Coiling Up
Consumer Discretionary is ready to make a move.
We just don’t know in which direction.
The sector is a leader year-to-date, but it’s gone nowhere since January. Instead, Discretionary’s been coiling up on top of a flat 200-day moving average. A price near a flat 200-day is a price without a trend, and trading things that have no trend is a good way to fin…