Don't Ignore This Chart!

Finance Sector Starts Underperforming

The Finance SPDR (XLF) was one of the best performing sectors from April to late July, but was the weakest sector over the last two weeks. The PerfChart below shows XLF with a loss over the last ten trading days. In contrast, notice that the S&P 500, Consumer Discretionary SPDR (XLY), Technology SPDR (XLK) and Industrials SPDR (XLI) are up. In fact, the other three offensive sectors are up rather sharply the last ten days.

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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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