Thursday, December 3, 2009

SPX REMAINS IN CONSOLIDATION / SECTOR ANALYSIS

Market remains in consolidation, however current 3pm futures shows an immediate break from the consolidation, so keep an eye on it in the morning.


The sectors are very interesting at the moment. Looking at the SPRD Select Sector ETFs, I came up with the following:

XLV - Bullish (breakout)

XLB - Bullish/Neutral

XLK - Bullish

XLP - Bullish

XLI - Neutral

XLU - Bullish (breakout)
XLY - Bullish

XLF - Neutral

XLE - Neutral









1 comment:

Anonymous said...

Gods mill grinds slow but sure........................................