Saturday, March 29, 2008

Materials Sector Update for 03.29.2008

SELECT SECTOR SPDR MATERIALS SECTOR ETF - XLB

Monthly chart shows indecision between the bulls and the bears.
Weekly chart shows bulls trying to take price higher last week, but were met with some selling pressure. Market remains stuck in trading range.

Daily chart shows consolidation/trading range. Look to next week for better sense of direction.

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