Small Caps And The Consumer Stocks: Their Next Moves Should Be Very Important

The XLY consumer staples ETF stands at a key technical juncture. So, the directions of its next meaningful move will be very important.

• The volume is much lower on “rally days” vs. days when the market declines.  That’s disappointing, BUT if the breakout in the Russell 2000 can become a more meaningful one, it will still be quite bullish for the stock market.