Don't Ignore This Chart!

Finance leads sectors lower

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The Sector SPDR section of the Market Summary shows the Financials SPDR (XLF) and the Materials SPDR (XLB) leading the market lower today. Despite Friday’s intraday reversal, there was no follow through as all sectors moved lower on Monday.
100208spdrClick this chart for details

Announcement from the Author

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.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. Learn More
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