Tag: Utilities Select Sector SPDR ETF

S&P Constrained by Short-term Sideways Trend

trading behavior in the S&P remains constrained by a short-term sideways pattern and shown little evidence of a sustainable change in trend. Momentum has been strengthened but does not appear strong enough to generate widespread breakouts. 2700 is the line in the sand. There is a no reason to turn particularly bullish until this area is eclipsed

Market Internal Deteriorated as S&P Tests Key Support

the fact that the S&P is basing sideways near key support as it worked off the short-term oversold condition rather than bouncing higher, indicating an internal weakness. Several short-term indicators are pointing toward further weakness, suggesting that S&P’s 2700 might not hold for long. A failure to hold above key price level indicates a change in sentiment and a much deeper pullback should be expected

Trading Strategy – Utilities Select Sector SPDR ETF

  One of the noteworthy developments in recent days has been the move in defensive stocks.  The group attract strong buying interest in recent days as the potential for tit-for-tat cut into confidence.  The Utilities Select Sector SPDR ETF (XLU) rose 0.92 percent to 52.66, bringing its MTD gains up to 1.3 percent.  Now the […]

Next Page »