Consumer Discretionary and Finance Sectors Lead the Rebound

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

After a sharp decline last week, stocks recovered with bounce the last three days. The Sector PerfChart shows the Consumer Discretionary SPDR (XLY), Finance SPDR (XLF) and Basic Materials SPDR (XLB) leading this bounce. Also note that the Consumer Staples SPDR (XLP) and Healthcare SPDR (XLV) are also outperforming because they are up more than the S&P 500 ETF (SPY). The other four sectors are lagging.

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Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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