Where We Stand: A Look at S&P 500 Sectors and Industries

  The S&P 500 is currently battling it out with the most immediate support ($1275 – 1300) and resistance ($1345) levels on the daily charts.  While investor sentiment is skewed to the bull-side, among the more active types (hedgies and such) the view seems to be more two-sided.    As such I thought it would […]

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 […]