SELECT SECTOR SPDR INDUSTRIAL SECTOR ETF - XLI
Monthly chart shows bulls are holding onto current short term support off the monthly 34ema. 
Weekly chart shows resistance at the small LIS (old support becomes new resistance). 
Daily chart shows weakness coming back into the market on Thursday and Friday of last week. Let's see if we get any follow through or not to the downside. IF the $38 current resistance is broken, and holds as support, THEN look for a re-test of the current high at the $42 level.
Saturday, March 29, 2008
Industrial Sector Update for 03.29.2008
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