Financials Lag, Industrials Strong

07/27/2010 9:45 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart
Click to Enlarge

Stocks have continued to move higher as the NYSE A/D line is very close to the April highs. This is a positive sign, but the financial sector continues to lag as Financial Select Spyder ETF (XLF) is still below resistance at $14.90-$15.05. The Industrials have been stronger as the Industrial Select Spyder ETF (XLI) closed strong and just below resistance at $30.60. The next band of resistance is in the $31.60-$32.40 area. It is interesting to note that the small- and mid-caps are starting to act stronger.

Tom Aspray, professional trader and analyst, serves as video content editor for MoneyShow.com. The views expressed here are his own.

Related Articles on ETFS

Keyword Image
The Omen
12/07/2017 10:50 am EST

The probability of an equity market correction over the next few months is slim to none, so there co...