The nine S&P Sector SPDRs were mixed last week with the defensive sectors scoring gains and the offensive sectors under pressure. The PerfChart below shows the consumer staples, healthcare and utilities sectors gaining for the week, while the fiance, industrials and tech sectors lost ground. With a 2.11% loss, the finance sector was hit especially hard.
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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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