Don't Ignore This Chart!

Defensive Sectors Keeping the S&P 500 Positive

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The Sector PerfChart shows the percentage change for the S&P 500 and the nine sector SPDRs over the past month (22 trading days). Note that the S&P 500 is up, but the Consumer Discretionary SPDR (XLY), Technology SPDR (XLK) and Industrials SPDR (XLI) are down. In contrast, the three defensive sectors are up (Consumer Staples SPDR (XLP), Healthcare SPDR (XLV) and Utilities SPDR (XLU)).

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Announcement from the Author

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.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. Learn More
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