Market Overview

January's Select SPDR ETF Sector Review


A look back on January's Select SPDR ETF Sectors performance through technical analysis. 

See December's Select SPDR ETF Sector Review for the New Year HERE!

Performance results; January 9, 2013- February 1, 2013.

Consumer Discretionary (XLY)

XLY made a significant breakout over $48 in our last analysis, and is up 3.85% in the month of January.  Since then price has continued upwards to find new resistance at $51.  $48 should act as new support. 

Consumer Staples (XLP)

XLP is up 4.56% in January, and has broken out over the $36 resistance, which should act as new support going forward. 

Energy (XLE)

Energy has been the best performer in January, up 7.15%.  Since our last analysis XLE has risen $6 from $72.27 to $78, breaking through the $76 resistance.  Next resistance is at $79.

Financials (XLF)

Financials have continued their uptrend rising 3.88% in January.  Negative divergence has failed and price should continue its upward momentum.  Support at $16. 

Health Care (XLV)

The Health Care sector has continued to be a leader, posting the 3rd highest percentage gain during January up 4.24%.  Support at $41.  Price has entered into overbought territory on the RSI above 70.    

Industrials (XLI)

Industrials have seen a 3.66% gain in January, after breaking out of the ascending triangle formation noted in our past analysis.  $39 was brief resistance during the month and may act as support in the future.

Materials (XLB)

Materials have broken out yet again over the $39.50 resistance, which has now turned support.  XLB is up only a small percentage, 1.54% during January.