The exchange-traded fund consists of 85 companies including four components of the Dow Jones Industrial Average plus the major on-line retailer of almost everything. This ETF, at $72, has a year-to-date gain of 7.5% through Christmas Eve versus 13% for the S&P 500. Before showing the daily and weekly charts for this ETF, here's a brief look at four components.
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Amazon.com (AMZN) should show solid holiday sales this year but the stock suffered some severe downside volatility in 2014. The on-line retailer began 2014 setting an all-time intraday high at $408.06 on Jan. 22 then plunged 30% to as low as $284.38 into May 9. The stock then rebounded 28% trading up to $364.85 into July 24 before declining 22% to as low as $284.00 into Oct.24. The year-to-date decline is 23%.
Dow component Nike Inc (NKE) set an all-time intraday high at $99.76 on Nov. 28, then reported an earnings beat on Dec. 18. The retailer of athletic shoes offered disappointing guidance and the stock fell to as low as $92.83 on Dec.19. This hiccup was just 6.9% as the stock has gained 23% year to date.
Here's the daily chart for the Consumer Discretionary Sector SPDR.
Courtesy of MetaStock Xenith
The daily chart for the consumer discretionary sector ETF shows it entered 2014 above its 200-day simple moving average (green line) at $59.16 but then declined to a test of this moving average between April 11 and May 20 as this average rose from $62.69 to $63.34.