Market Overview

February Select SPDR ETF Sector Review

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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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Posted-In: Long Ideas Short Ideas Technicals Trading Ideas

 

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