Leading Sectors Still Positive
09/25/2009 9:43 am EST
The market's recent decline has turned some traders bearish. XLK and XLB, two of the strongest sector ETFs since the March lows, have corrected after exceeding 50% retracement resistance. XLK is already at first support at $19.50-$20, with XLB support at $29.50-$30. Technical indicators are still positive.