Consumer discretionary put up a good effort last week with the XLY rising 3.4% (the more “equal weighted XRT nearly doubled that advance jumping 6.3%). Some better days may lie ahead for the top heavy XLY however, as we witnessed some strong moves recently from top 5 components. AMZN, by far the largest holding at nearly one quarter of the XLY, continues to have issues with the 3500ish level that has been a thorn in its side dating back to last September. The stock gave back 2.4% this week and Monday will complete a handle on its cup base, after the prior 2 weeks each gained 4%. HD rose 3.6% last week, not long after bouncing off the very round 300 number, as it approaches a break above its 50 day SMA which would then put a double bottom into focus. NKE jumped more than 20%, its biggest WEEKLY advance since last March, and below is the 2nd largest holding in TSLA. It is putting up mixed signals here, but the next week should provide some clarity, if this name is to accelerate higher, pun intended.