SPDR Sector Review/Preview Monthly Charts Supplement October 30, 2010

Summary of Monthly SPDR Sector Charts

The majority of the monthly charts are near or through their 61.8% retracement of the move from 2008 highs to the 2009 lows, with rising price action, RSI, and MACD, but troublesome volume divergence in the latest run up. The best chart is Consumer Staples Select Sector SPDR, XLP and the worst is, you guessed it, Financials Select Sector SPDR, XLF.

(As always you can see details of these individual charts and more on my twitter feed and on chartly.)

Materials Select Sector SPDR, XLB

Energy Select Sector SPDR, XLE

Financials Select Sector SPDR, XLF

Industrials Select Sector SPDR, XLI

Technology Select Sector SPDR, XLK

Consumer Staples Select Sector SPDR, XLP

Utilities Select Sector SPDR, XLU

Health Care Select Sector SPDR, XLV

Consumer Discretionary Select Sector SPDR, XLY

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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