After big gains in January, the market is having a tough time in February with relative weakness coming from the Consumer Discretionary SPDR (XLY) and Technology SPDR (XLK). Also notice that the defensive sectors are starting to outperforming (XLP, XLU and XLV).
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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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