The Consumer Staples SPDR (XLP) is the only one of the nine sector SPDRs challenging its 2007 high. The other 8 sector SPDRs are not even close. While XLP may be lagging in percentage terms, its advance over the last 13 months is the strongest in chart terms because the ETF was the only SPDR to retrace the entire prior decline.
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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