Don't Ignore This Chart!

XLY and XLK show relative strength

The sector perfchart provides an easy means to identify the leaders and laggards. Even though all sectors are down over the last three weeks (since May 13), some are down more than the S&P 500 (laggards) and some are down less (leaders). It is positive to see the Consumer Discretionary SPDR (XLY) and Technology SPDR (XLK) holding up better than the S&P 500. Finance and industrials remain a drag though.

100604spdrperf Click this image for details
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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