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