Stocks were mostly lower on Wednesday, but the Financials SPDR (XLF) managed a small gain. A snapshot from the
Market Summary page shows the nine sector SPDRs. XLF is the only gainer as the ETF test the early May lows.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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