Materials Still Stronger

05/28/2009 1:24 pm EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst


Both the material and energy sectors have done well since the March lows as the RS analysis highlighted the materials in early March. XLB has moved above the December 2008 highs and has challenged the November highs, while the XLE has not. Both appear to be forming continuation patterns, which favors an upside resolution.

Related Articles on ETFS

Keyword Image
The Omen
12/07/2017 10:50 am EST

The probability of an equity market correction over the next few months is slim to none, so there co...