Don't Ignore This Chart!

Tables Turn as Techs Lead and Defensive Sectors Lag

After months of leadership from the three defensive sectors, the tables turned over the last seven days as the Technology SPDR (XLK) started leading the market. Notice that the Healthcare SPDR (XLV) and Consumer Staples SPDR (XLP) are actually down since 22-April, while the Utilities SPDR (XLU) is up less than the S&P 500.

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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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