Financials Lag, Industrials Strong

07/27/2010 9:45 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

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 The views expressed here are his own.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on ETFS

Keyword Image
Safe Money's Defensive Moves
12/05/2018 5:00 am EST

This stock market is flailing around like a fish out of water, with whipsaws increasing every week, ...