Weekend Sector Scan
We got the typical holiday week sneak-up, but that came apart in a big way on Thursday and left all the Sector SPDRs in the red for the week.
The sector picture continues to change — now only 4 of the sector SPDRs are now above the 50-day. and three of those — staples, health care and utilities — had been the underperformers:
The others look to be in some danger of rolling over, with the energies breaking down at the end of the week:
The numbers as we start the second half:
| Sector | Symbol | 8 Week % Chg. | 4 Week % Chg. | 1 Week % Chg. | YTD % Chg. |
|---|---|---|---|---|---|
| Technology | XLK | +4.3 | -2.8 | -1.8 | +15.7 |
| Utilities | XLU | +0.7 | +1.2 | -1.1 | -5.5 |
| Health Care | XLV | +0.6 | -0.2 | -2.4 | -3.0 |
| Consumer Staples | XLP | +0.6 | -3.1 | -0.6 | -4.1 |
| Basic Materials | XLB | -6.2 | -8.7 | -2.6 | +10.6 |
| Consumer Discretionary | XLY | -7.1 | -7.2 | -2.9 | +3.3 |
| Industrials | XLI | -9.1 | -10.0 | -2.8 | -8.8 |
| Energy | XLE | -11.0 | -11.4 | -3.6 | -3.4 |
| Financials | XLF | -11.9 | -6.9 | -3.8 | -8.4 |
Charts courtesy of StockCharts.com
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