"Bullish on $XLB: short-term pullback within long-term uptrends — watch for relative-strength follow-through."
In his composite check of XLB constituents, 44% show short-term positives while 69% are long-term positive (uptrend on weekly). He interprets the current short-term pullback as a potential opportunity rather than a trend break, and he wants to see relative performance lift off on follow-through.
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