ETF of the Day – First Trust Consumer Discretionary (FXD)
First Trust Consumer Discretionary (FXD)

ETF of the Day – First Trust Consumer Discretionary (FXD)

While analysts are coming out with research detailing data that points to stocks and higher rates playing nice together, there are ways to use the screener to find great technical setups in ETFs. I located First Trust Consumer Discretionary (FXD) with the screen criteria above. A quick glance at the chart and you can see that First Trust Consumer Discretionary (FXD) is trading just below recent highs while relative strength has remained strong. It has a rising long-term trend line and the fund is oversold while Chaikin Money Flow has been Bullish for close to a year, with some small areas of red in between. The Relative Strength made a positive turn back in June 2020 and has stayed in the green. There is a large difference in this ETF vs. the SPDR Sector Consumer Discretionary ETF, XLY. FXD is equally weighted and has out performed XLY this year by a large margin. FXD is up over 16% YTD and XLY is up 7.7% YTD. 

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