Industrial Stocks May Be Ripe For A Bounce
On August 2nd I wrote here (http://www.investorplace.com/53951/trade-of-the-day-industrial-select-sector-spdr-nyse-xli/) that the industrial stocks are setting up for a short-side opportunity as they had broken a major uptrend a couple of days prior. The vehicle discussed was the Sector SPDR Industrial ETF (ARCA:XLI) which has since then fallen roughly 14% and yesterday reached our profit target at […]
Industrial Stocks Under Severe Pressure
After rising close to 160% from the lows in March 2009 to the highs in early May this year the industrial stocks as a group as measured by the Sector SPDR Industrial ETF (ARCA: XLI) have come under pressure and broken the blue up-trend line, which is a development worth noting. The early July […]