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Trading Strategy – Materials Select Sector SPDR ETF

  One of the more noteworthy developments in recent days has been the move in the materials sector.  The Materials Select Sector SPDR ETF (XLB) rose 0.5 percent Monday, bringing its YTD gains to 17.5 percent, outperformed the S&P by a wide margin. Now the question is whether the rally has more legs?  Below is …[read more]

Trading Strategy – Materials Select Sector SPDR Fund

  Weaker US dollar pushed materials and materials related stocks to record highs. The Materials Select Sector SPDR Fund (XLB) closed at record high Tuesday, up 0.51%. The ETF has risen about 14 percent this year while the S&P up about 12 percent. Now the question is ‘will the rally has more legs?’ Below it …[read more]

Trading Strategy –  Materials Select Sector SPDR ETF

  After bottoming in early August, the US dollar reversed its bearish head and trended higher amid a fresh batch of better-than-expected economic data. The US dollar plays an important role in the material sector. A stronger dollar is bad for the material sector because it hampers the exports of the material sector, while a …[read more]

Trading Strategy –  Materials Select Sector SPDR ETF

  iShares FTSE/Xinhua China 25 Index ETF (FXI) climbed to new 52-week high Monday. The ETF saw upside follow-through last week, making progress toward the target derived from its latest breakout. Below is an update look at a trade in FXI. The graphic below is from our “U.S. Market Trading Map”, show the near-term technical …[read more]

Trading Strategy - Materials SPDR

  It was a good day for Materials which was emerged as important leadership in a directionless trading session.  However, there could be some pains ahead for the sector, according to our “U.S. Market Trading Map”. Below is an update look at a trade in Materials Select Sector SPDR (XLB). The graphic below is from …[read more]

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