Tag: XLI

S&P Testing Support Turned Resistance

the late October’s recovery rally is testing ‘support turned resistance’ near S&P’s 2765. While the overall technical backdrop remains bullish with the short-term trend pointing upward, momentum has does not appear strong enough to generate widespread breakouts. The longer the index stays below that level, the more vulnerable it is to lower prices

S&P in High Volatility Phase

S&P broke key support Tuesday, signify a bearish trend reversal. Nevertheless, it will be important to monitor the retreat and rebound behaviors over the next few days to determine whether breakouts are decisive. While there is a low probability of a full blow correction we expect increase in near-term volatility as markets establishing a tradable low

S&P’s 2900 Might Not Hold for Long

near-term picture remains the same, S&P consolidates near the important sentiment 2900 mark as we’re heading into the quarter-end. Several short-term indicators are pointing toward further weakness, suggesting that S&P’s 2900 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 – Industrial Select Sector SPDR ETF

  Industrial stocks traded up on Thursday following headlines that suggested senior officials from the U.S. and China appear headed for new discussions on trade matters.  After surging nearly 22 percent in 2017, the Industrial Select Sector SPDR ETF (XLI) rose merely 4 percent YTD while the S&P gained over 8 percent over the same […]

Trading Strategy – Industrial Select Sector SPDR ETF

  Agricultural and industrial stocks attracted some buying interest following report that the Trump administration plans to offer billions of dollars in aid to farmers hit by tariffs on their goods. The move represents an emergency bailout with the goal of easing financial pain felt by farmers caused by the White House’s scaling trade war […]

Trading Strategy – Industrial Select Sector SPDR ETF

  One of the noteworthy developments in recent days has been the move in industrials.  The group was under selling pressure Tuesday after Caterpillar hinted that economic growth may slow later in the year.  The Industrial Select Sector SPDR ETF (XLI) fell 2.8%, bringing its YTD lost to 3 percent.  Now the question is whether […]

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