Tag Archives: ETF
February Select SPDR ETF Sector Review
A look back on February’s Select SPDR ETF Sector performance through technical analysis.
See January’s Select SPDR ETF Sector Review HERE!
Performance results; January 30, 2013- March 5, 2013.
Consumer Discretionary (XLY)
XLY continues to push higher breaking out over $51 resistance toward the end on February. Prices up 3.28% in February.
Consumer Staples (XLP)
XLP was up 4.66% over February continuing its uptrend after breaking out over $36 resistance early January. Prices paused only slightly at $38 before continuing higher. RSI is now pushing into overbought conditions.
Energy (XLE)
XLE lagged in February up only .66% after breaking out over $76 in January. Since then prices have stalled at $79 resistance finding support at the past $76 resistance. MACD showing convergence with the up-trend price action.
Financials (XLF)
Financials stalled slightly at $18 resistance before continuing to push higher. RSI is hitting overbought territory yet again.
Health Care (XLV)
XLV paused momentarily at $43.50 resistance before continuing its uptrend from the December breakout over $41. RSI has stayed overbought for 5 weeks now, prices up 3.18% in February.
Industrials (XLI)
Industrials were up 2.93% in February and continue to push higher after breaking out of the weekly ascending triangle formation. Prices stalled momentarily at $41.50 before continuing the uptrend.
Materials (XLB)
Materials were the worst performer over the month of February losing 1.42%. XLB failed to hold the breakout over $29.50 resistance and fell back lower to defend the $38 support and the weekly 20 EMA. Prices look to retest the $39.50 resistance in near future.
Technology (XLK)
XLK is looking to breakout finally over the $30 resistance to break down the head and shoulders formation. Next resistance lies above at $31.50.
Utilities (XLU)
Utilities were one of the top performers in February up 4.36%. Prices are breaking out over the $37.50 resistance from July 2012 highs.
NEW Additions To The List
Homebuilders Index (XHB)
Homebuilders have been on a storing uptrend since November 2011 and continue to push higher. Prices found recent resistance at $29.50 but look to breakout in March.
Metals & Mining (XME)
XME have been on a downtrend since mid 2011. Toward the end of 2012 prices were forming an ascending triangle formation but support was lost during February. Lower support is at $38. MACD is attempting a bearish crossover and is below the zero line; a bearish indicator.
Mirror Zack’s trades on Marketfy.com through The Technical Breakout Trader.
Brazil iShares ETF (EWZ) Looks to Higher Prices After Double Bottom
Brazil iShares EWZ have put in a double bottom formation, touching in October 2011 and May-July 2012. Shares tried to re-test the support area of $49 in November 2012 but failed to do so putting in a higher low. Since November 2012 shares have rallied and stalled at the $57.50 recent resistance area as seen on the weekly chart.
Daily chart shows a channel formation at this area of interest with prices ranging between $56-$57.50. A break either way should suggest the future of EWZ. With price above the 200SMA, MACD in positive territory ,and RSI above the 50 line the bias seems to be leaning towards price appreciation.
US Natural Gas Fund UNG Breakdown
UNG breakdown of trend line support. 200 sma is at $19.14.
Weekly chart looks really bearish as the price action rejects the 50 ema, and falls out of the bear flag. This weeks price action will be important.
Breakdown under $20 for aggressive entry.
Barclays High Yield Junk Bond SPDR JNK Continuation
Continuation of breakout, up 1.2% from $40.10. Hourly support at $40.50, Breakout support of $40. Pull back would bring a nice entry opportunity depending on price action. Looking for this to go higher over $40.60.
United States Oil Fund USO
USO short under $31. Target 29.50. Wish I got in this one after the hammer formed 11/19
Gold and Silver
Will gold and silver continue their bullish run?
Over $34 in SLV long set up.
Over $174 long setup. Could get aggressive on long entry over $168.
Financial Select Sector SPDR (XLF)
GE blew past expectations this morning, further adding to a number of companies showing profits, and further feeding my bull market sentiment. XLF financial sector spider might be one to start thinking about. Looks like it has double bottomed around $15.80. I’ll be watching this one closely here in the coming months. If this can break the downtrend line above around $16.75 then I’m a buyer. Hopefully we can then blow past the recent and April 2010 $17.14 highs and move up towards the $26, 2009 level highs. That would be a nice 50-60% return if I’m right being bullish on the under-preforming financial sector.
via StockCharts.com
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Cotton (BAL), Has this bull run out of steam?
Cotton ETF (BAL), hit a high of $117 this March. I thought we were looking at a head in shoulders pattern at the end of March, but subsequently it rallied again in the beginning of April. Today BAL closed back over it’s 50 EMA. Although still bias long, I think if we can’t break through the $110 level we may be seeing a triple top. A bit of a contrarian play in my opinion, but i will definitely be watching this one closer! May signal the commodities bull coming to an end.
