With a hard hit this week, the Energy SPDR (XLE) and the Materials SPDR (XLB) are now down month-to-date. In contrast, the S&P 500 and other seven sectors are still up since March 1st. The technology, industrials and finance sectors are, however, underperforming because they are up less than the S&P 500. XLE and XLB clealry show the most relative weakness.
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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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