Don't Ignore This Chart!

Sector Action Turns Defensive on Market Summary Page


All sectors were down in afternoon trading on Tuesday, but some were down less than others. In particular, the Utilities SPDR (XLU), Consumer Staples SPDR (XLP) and Healthcare SPDR (XLV) were holding up relatively well with modest losses. Money can be seen moving out materials, consumer discretionary, finance, industrials and technology. 

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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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