CandleGlance charts provide a quick group snapshot. The screenshot comes from the S&P Sector SPDR CandleGlance group. Only four of the nine are shown. Click the image to see all. The Utilities SPDR (XLU) and the Healthcare SPDR (XLV) are clearly showing relative strength with a surge the last 2-3 weeks. Conversely, the Basic Materials SPDR (XLB) shows relative weakness with a decline over the same period.
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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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