Weekend Sector Scan
Lost in all the noise of the big move on Thursday was the fact that there was a big move down on Monday, and that left the Sector SPDRs split on the week, with only the lagging health care and utility stocks posting gains of more than a percent.
The sector picture is changing just ever so slightly. Only 5 of the sector SPDRs are now above their 50-day moving averages (red line), and some of those just barely:
The industrials, materials, energies and discretionaries pulled back and bounced — some of those are now looking more like shorts than longs:
The numbers as we look to close out the first half of the year:
| Sector | Symbol | 8 Week % Chg. | 4 Week % Chg. | 1 Week % Chg. | YTD % Chg. |
|---|---|---|---|---|---|
| Financials | XLF | +11.9 | -2.5 | -1.0 | -4.8 |
| Health Care | XLV | +9.2 | +2.1 | +1.1 | -0.7 |
| Utilities | XLU | +4.6 | +3.6 | +1.0 | -4.4 |
| Consumer Staples | XLP | +4.3 | -0.4 | +0.6 | -3.5 |
| Technology | XLK | +3.9 | +2.9 | +0.2 | +17.8 |
| Energy | XLE | +1.3 | -7.3 | -2.7 | +0.3 |
| Basic Materials | XLB | +0.3 | -5.0 | -1.0 | +13.5 |
| Industrials | XLI | -0.1 | -2.3 | -1.0 | -6.2 |
| Consumer Discretionary | XLY | -0.9 | -0.7 | -0.7 | +6.4 |
Charts courtesy of StockCharts.com
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