The year-to-date sector scorecard shows the Basic Materials SPDR (XLB) lagging the S&P 500. Moreover, XLB is the only sector sporting a loss for 2011. The technology, industrials, energy and finance sectors show relative strength with gains greater than the S&P 500.
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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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