Two Strong Sectors
10/09/2009 9:23 am EST
The NYSE A/D line made new highs on Thursday (October 8) and is still leading prices higher. One sector ETF that is acting well is the consumer staples (XLP), which, unlike materials or tech, has made new rally highs. Also, the energy ETF (XLE) shows bullish up gaps that make a test of $58.20 more likely. For an update on the dollar and commodities, see this week’s Trading Lesson.