Stocks are off to a rough start in 2014 with seven of the nine sectors SPDRs under water. The Energy SPDR (XLE), Materials SPDR (XLB) and Consumer Staples SPDR (XLP) are leading the way lower. On the flipside, the HealthCare SPDR (XLV) and the Finance SPDR (XLF) show gains and relative strength.
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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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