Tag Archives: SPDR
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.
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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.
Barclay’s High Yield Bond SPDR JNK
Channel intact. Looking for break in either direction.
Another good short entry point S&P 500
Looks like the past support is turning into resistance around the 141.00 level of the SPY SPDR. Price is being rejected by the 50 EMA as well at 141. Short, target 135.
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.
