The stock market peaked on May 22 and all sectors are down since then. The S&P 500 is down 4.09%, but the Consumer Staples SPDR (XLP), Healthcare SPDR (XLV) and Utilities SPDR (XLU) are down more and showing relative weakness. XLU is down a whopping 7.79% as rising interest rates hurt this debt-laden sector. Note: chartists can double click the slider to enter a number and set an exact date range.
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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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