S&P 500 Sectors Update

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This is an update on the S&P 500 Sectors via the 9 Select SPDRS ETFs. The S&P 500 itself, the SPX, closed today at 1165.81, just short of the 2010 YTD closing high of 1166.21 set on this past Wednesday, March 17.  The US Dollar Index, USD, closed today at 80.61, down from last week's top closing of 80.75 on Friday, March 19.  I reviewed the SPX and USD in detail over the weekend.

8 of the 9 Select SPDR ETFs are now in an intermediate-term bull market.  Only XLU Utilities is in an intermediate-term bear market.  All 9 sectors are in a long-term bull market.  I am defining an intermediate-term bull market as the 25 day simple moving average greater than the 50 day simple moving average, and vice versa for a bear market.  I am defining a long-term bull market as the current price greater than the 10 month exponential moving  average, and vice versa for a bear market.

Below is a brief update on each of the 9 Select SPDR ETFs that represent the S&P 500 sectors:

Intermediate-Term Bull Market

XLB Materials
Above 25d, 50d, 100d, 200d sma's
RSI 25d = 72.58 is slightly oversold
MACD (12,26,9) is bullish since February 12
Below 2010 YTD highs

XLE Energy
Below 25d, 50d, 100d sma's; Above 200sma
RSI 25d = 56.88 is reasonable, neutral
MACD (12,26,9) is bearish since March 22
Below 2010 YTD highs and October & November 2009 highs

XLF Financial
Above 25d, 50d, 100d, 200d sma's
RSI 25d = 80.13 is very oversold
MACD (12,26,9) is bullish since February 17
Just below 2010 YTD highs

XLI Industrial
Above 25d, 50d, 100d, 200d sma's
RSI 25d = 83.64 is very oversold
MACD (12,26,9) is bullish since February 16
Just below 2010 YTD highs

XLK Technology
Above 25d, 50d, 100d, 200d sma's
RSI 25d = 76.49 is oversold
MACD (12,26,9) is bullish since February 16
Below 2010 YTD highs

XLP Consumer Staples
Above 25d, 50d, 100d, 200d sma's
RSI 25d = 76.34 is oversold
MACD (12,26,9) is bullish since February 12
Just below 2010 YTD highs

XLV Health Care
Above 25d, 50d, 100d, 200d sma's
RSI 25d = 70.03 is slightly oversold
MACD (12,26,9) is bullish since February 18
Below 2010 YTD highs

XLY Consumer Discretionary
Above 25d, 50d, 100d, 200d sma's
RSI 25d = 87.05 is very oversold
MACD (12,26,9) is bullish since February 16
At 2010 YTD highs

Intermediate-Term Bear Market

XLU Utilities
Above 25d and 200d sma's; Below 50d and 100d sma's
RSI 25d = 60.97 is reasonable, neutral
MACD (12,26,9) is bullish since February 18
Well below 2010 YTD and December 2009 highs; Below September thru November 2009 highs

Sector Charts

Below are the 9 sector daily charts, from the July 2009 pullback bottom up through today's close, Monday, March 22 below.  See brief commentary above for each sector.

The 2 yellow horizontal lines on each chart are current closing price and the the 10 month exponential moving average. The 10m ema is the long-term bull/bear market signal. All 9 sectors are in a long-term bull market, that is, the current closing price is above the 10m ema. The uptrend line is from the sector bottom, usually concurrent with the market March 9, 2009 bottom or thereabouts, up through the lowest closing price during the 2010 pullback/correction.  All 9 sectors are above their respective uptrend line.

Matrix Markets & Friends

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Related to this blog, plus additional news about S&P 500, US Dollar, some Technology, and any trades we make.

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