Sectors to Watch

10/29/2009 9:45 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

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The selling was heavy on Wednesday with the NASDAQ again the weakest. The homebuilders ETF (ITB) was especially weak as it did not make new highs in September and is now testing long-term support. The consumer staples ETF (XLP) made new highs last week and is still well above its uptrend. It should outperform on the next rally.

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