Art's Charts

Metals & Mining ETF Leads Market Lower


The Metals & Mining SPDR (XME) continues to show relative weakness as it tests its support zone stemming from the November-December lows. Also notice that the StockCharts Technical Rank (SCTR) confirms relative weakness by holding below 50 for over six months.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at 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. Learn More
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