SELECT SECTOR SPDR MATERIALS ETF - XLB
Monthly chart shows increasing weakness, as price is currently below its 8ema.
Weekly chart shows price below both the 8ema and the 34ema. No buy signal/pattern evident on this timeframe.
Daily chart shows major trader sentiment change as the bears gapped down the price at the open of Friday's trading session. Look for continuation lower, and at a minimum, a test of the January low.
Saturday, March 08, 2008
Materials Sector Update for 03.08.2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment