This Sector Is Acting Best
06/11/2010 10:36 am EST
The S&P Consumer Discretionary sector has been one of the strongest this year and is up just under 100% since the March 2009 lows. The daily chart shows that the highs from January and the 200-day MA are now being tested. It will be important that the February lows at 222 hold. Short-term A/D studies are positive and have moved through first resistance. A higher close today will be positive for next week.
Tom Aspray, professional trader and analyst, serves as video content editor for MoneyShow.com. The views expressed here are his own.