Lessons From The Sector Slaughter - News Summed Up

Lessons From The Sector Slaughter


Sector TomAspray-ViperReport.comThe year-to-date (YTD) sector performance is quite surprising. XLK TomAspray-ViperReport.comThe next-best performing sector YTD is the Technology Select Sector (XLK), which is down 22.09% and had a low last week of $70.27. The day after the correction low, XLV rebounded dramatically, closing above the highs from the past three days. XLV's daily RS moved through its resistance (line a) and turned positive one day after the lows. If rates do turn higher, it should help the Financial Sector Select (XLF), which is the second-worst sector ETF, down over 38%YTD.


Source: Forbes March 22, 2020 18:04 UTC



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