Some of the world's best-known U.S. companies have pushed the Consumer Discretionary Select Sector SPDR Fund (XLY) - Get Report exchange-traded fund to new highs.

The ETF is outperforming the S&P 500 I:GSPC  for the year to date thanks to its five largest holdings: Amazon.com (AMZN) - Get Report , Disney (DIS) - Get Report , Home Depot (HD) - Get Report , Comcast (CMCSA) - Get Report and McDonald's (MCD) - Get Report , which represent a 36% weighting among the 90 companies held by this basket of stocks. These five managed to offset other ETF holdings that declined into bear market territory.

Investors interested in consumer discretionary stocks, of course, can buy any of these stocks individually for market-beating gains. Those who want to eliminate some of the risk of stock picking can buy into the Consumer Discretionary ETF. The Conference Board's reading on Consumer Confidence provides a warning, declining to 90.4 in November down from 99.1 in October.

Here's the weekly chart for the Consumer Discretionary ETF.

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Courtesy of MetaStock Xenith

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The Consumer Discretionary Select Sector SPDR Fund closed Tuesday at $81.36, up 9.6% so far in the fourth quarter and up 12.8% year to date and setting an all-time high of $81.87 on Nov. 4.

The weekly chart is positive but overbought, with the ETF above its key weekly moving average of $79.50 with weekly momentum projected to rise to 87.18 this week up from 87.04 Nov. 20 with both readings significantly above the overbought threshold of 80.00.

Investors looking to buy XLY should place a good till canceled limit order to buy the ETF if it drops to $78.44, which is a key level on technical charts until the end of November. This level was tested on Nov. 13, and was followed by strength to a key level of $81.03 tested on Nov. 20.

Investors looking to reduce holdings should place a good until canceled limit order to sell the ETF if it rises to $83.99, which is a key level on technical charts until the end of this week.

Now let's look at the five growth engines behind the ETF.

Here's the weekly chart for Amazon.com.


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Amazon.com closed Tuesday at $671.15, up 31.1% so far in the fourth quarter and up 116.3% year to date. The internet powerhouse set an all-time high of $682.77 on Nov. 23.

The weekly chart is positive but overbought, with the stock above its key weekly moving average of $620.93 with weekly momentum projected to rise to 90.57 this week up from 90.02 on Nov. 20 with both readings significantly above the overbought threshold of 80.00.

Investors looking to buy Amazon should place a good till canceled limit order to buy the stock if it drops to $613.16, which is a key level on technical charts until the end of November.

Investors looking to reduce holdings should place a good until canceled limit order to sell the stock if it rises to $699.45, which is a key level on technical charts until the end of this week.

Here's the weekly chart for Disney.


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Disney closed Tuesday at $117.95, up 15.4% so far in the fourth quarter and up 25.2% year to date, setting an all-time high of $122.08 on Aug. 4. In-between this high and its Aug. 24 "Black Monday" low of $90 the stock plunged 26.3%.

The weekly chart is positive but overbought with the stock above its key weekly moving average of $113.69 with weekly momentum projected to rise to 85.51 this week up from 90.02 on Nov. 20 with both readings significantly above the overbought threshold of 80.00.

Investors looking to buy Disney should place a good till canceled limit order to buy the stock if it drops to $95.51, which is a key level on technical charts until the end of 2015.

Investors looking to reduce holdings should place a good until canceled limit order to sell the stock if it rises to $124.15, which is a key level on technical charts until the end of 2015.

Here's the weekly chart for Home Depot.


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Home Depot closed Tuesday at $133.65, up 15.7% so far in the fourth quarter and up 27.3% year to date. The retailer set an all-time high of $133.93 on Nov. 24.

The weekly chart is positive but overbought, with the stock above its key weekly moving average of $125.12 with weekly momentum projected to rise to 92.82 this week up from 92.48 on Nov. 20 with both readings significantly above the overbought threshold of 80.00.

Investors looking to buy Home Depot should place a good till canceled limit order to buy the stock if it drops to $123.01, which is a key level on technical charts until the end of 2015.

Investors looking to reduce holdings should place a good until canceled limit order to sell the stock if it rises to $138.63, which is a key level on technical charts until the end of 2015.

Here's the weekly chart for Comcast.


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Comcast closed Tuesday at $61.66, up 8.4% so far in the fourth quarter and up 6.3% year to date, setting an all-time high of $64.99 on July 22.

The weekly chart is positive but overbought with the stock above its key weekly moving average of $61.07 with weekly momentum projected to rise to 83.03 this week up from 82.67 on Nov. 20 with both readings above the overbought threshold of 80.00.

Investors looking to buy Comcast should place a good till canceled limit order to buy the stock if it drops to $59.22, which is a key level on technical charts until the end of November.

Investors looking to reduce holdings should place a good until canceled limit order to sell the stock if it rises to $65.52, which is a key level on technical charts until the end of 2015.

Here's the weekly chart for McDonald's.


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McDonald's closed Tuesday at $114.28, up 16% so far in the fourth quarter and up 22% year to date, setting an all-time high of $114.99 on Nov. 10.

The weekly chart is positive but overbought with the stock above its key weekly moving average of $109.53 with weekly momentum projected to slip to 91.31 this week up from 91.40 on Nov. 20 with both readings significantly above the overbought threshold of 80.00.

Investors looking to buy McDonald's should place a good till canceled limit order to buy the stock if it drops to $106.20, which is a key level on technical charts until the end of 2015.

Investors looking to reduce holdings should place a good until canceled limit order to sell the stock if it rises to $118.62, which is a key level on technical charts until the end of 2015.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.