XLY rating lowered to mildly negative; held above key 4-year support could lead to sideways stabilization rather than immediate uptrend.

And then the last one is consumer discretionary and that is an interesting one because it has hooked around. It was at a like a blue rating, like mildly positive. And I'm going to change it to a mildly negative, not an underperformer.

While it's very tempting to do that, and I'll show you on the price chart while I why I am still keeping a little bit of room for improvement for the consumer discretionary sector in a minute.

And then we have consumer discretionary which I just told you that I didn't want to go completely negative on this one. And the reason is that it is resting at a pretty important rising support level.

This is a one two three almost fouryear long trend line with serious lows all connecting and we're right at that level. So if we hold here, if XLY holds this level and starts to move back up, it's not all of a sudden going to be an uptrend, but it's going to slow down the decline.

And if that happens, and you see also here that relative strength is resting at that previous low and the, you know, momentum is above 100 but rolled over. So it's kind of uncertain.

And I want to give this the benefit of the doubt. If this holds, ticks up and that causes the RS line to hold this low here, this might move into a more sideways move for consumer discretionary and you know over time a little bit of improvement.

But it may well be the case that we've we are seeing the end of this relative downtrend here. Not sure. But the fact that we're holding up above this major support line in price, I think gives XLY the benefit of the doubt.