The Sector PerfChart below shows the performance for four sectors relative to the S&P 500. The Technology ETF (XLK) and the Consumer Discretionary SPDR (XLY) have been outperforming the S&P 500 since July 11th, while the Industrials SPDR (XLI) and Finance SPDR (XLF) have been underperforming. S&P 500 performance has been stymied by the finance and industrials sectors.
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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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