In the blog news, there is an article on sector ETF and the best performing ETF were:-
Industrial, Energy & Utilities.
Here is a table of the popularly traded sector ETF:
Sector
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GDX
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Market Vectors Trust Market Vectors Gold Miners
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SMH
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Semiconductor HOLDRS
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XLB
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Select Sector SPDR Materials
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XLE
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Select Sector SPDR Energy
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XLF
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Select Sector SPDR Financial
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XLI
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Select Sector SPDR Industrial
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XLK
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Select Sector SPDR Technology
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XLU
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Select Sector SPDR Utilities
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XLV
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Select Sector SPDR Health Care
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XLY
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Select Sector SPDR Consumer Discretionary
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XRT
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SPDR S&P Retail
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The Perfchart of the sector ETF for past 3 months’ performance
Utilities and Consumer are the leaders
Energy and Financial are the leaders
{charts extracted from stockcharts.com, under free charts}
Let us look at some charts
Utilities and Energy are showing strong uptrend
Whereas Financial looks like downtrend rebound
So folks, before you do your selection, do check out the charts first. Analysis reports and performance charts may look attractive but still the charts tell the best stories.
You may also like to look at consumer
I prefer uptrending charts like XLE, XLU or XLY. All these have crossed above the 200 day MA.
XLF, XLB, XLI have a strong rebound but still below the 200 day MA.
My take is the chart that has moved high and above 200 DMA will move higher at a quicker pace compared to those charts that are downtrend rebound and still not reached the 200 DMA yet.
XLF, XLB, XLI have a strong rebound but still below the 200 day MA.
My take is the chart that has moved high and above 200 DMA will move higher at a quicker pace compared to those charts that are downtrend rebound and still not reached the 200 DMA yet.
The charts tell which are the best performers.
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