The Energy SPDR (XLE) and the Materials SPDR (XLB) started October with a bang. Over the last five days, XLE is up over 8% and XLB is up over 6%. The Financials SPDR (XLF) comes in a close second with a 5.74% gain. All three easily outperformed the S&P 500.
Click this chart for details.
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.
Learn More
