Leading Sectors Still Positive

09/25/2009 9:43 am EST


Thomas Aspray

, Professional Trader & Analyst

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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.

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