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How Can I Compare the SCTR for the Nine Sector SPDRs?

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Chartists can compare the StockCharts Technical Rank (SCTR) for the nine sector SPDRs by setting up CandleGlance charts with the SCTR as an indicator. This can be done with three easy steps. First, go to the CandleGlance symbol entry box on the FreeCharts page. This can be found near the top of the third section/column. Second, enter the symbols for the nine sector SPDRs and click go. I threw in the S&P 500 ETF (SPY) for good measure (SPY,XLY,XLK,XLF,XLI,XLE,XLB,XLP,XLV,XLU).  Third, scroll down to the bottom of the CandleGlance page and add SCTR as an indicator. Click go and you will see ten CandleGlance charts with the SCTR. Chartists can then find the sectors with the highest and lowest SCTR. This makes it easy to focus on sector showing relative strength and avoid sectors showing relative weakness. It also makes it easy to identify upturns and downturns in the SCTR.

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Click this image for a live CandleGlance Page

Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. 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 technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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