Don't Ignore This Chart!

Sector Summary Shows the Clothing & Accessories Index Leading the Consumer Discretionary Sector Lower


The Consumer Discretionary SPDR (XLY) is one of the weakest sectors on Wednesday. Drilling down into the sector reveals weakness in apparel stocks. True Religion (TRLG) is down over 5%, while Polo Ralph Lauren (RL) and Warnaco (WRC) are down around 4%.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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