Chart of the Week Archive
After a strong start in 2010, Materials ETFs lead last week's market retreat.
The Materials Select Sector SPDR Fund (XLB) fell nearly 8% in last week's sell-off that saw the broader market decline nearly 5% in three days. XLB got off to a fast start in 2010, gaining 5% before the pull back.
Materials stocks are sensitive to growth in home building and China. Both market segments have seen prospects dim as the US tightened mortgaContinue Reading »
After a strong finish in 2009, semiconductor stocks have pulled back in the first couple of trading weeks of the new year.
The iShares S&P North American Technology-Semiconductors Index Fund (IGW) is down nearly 5% since the beginning of 2010 compared to a plus 2% performance for the broader market.
Semiconductor stocks are coming off a hot year and strong finish to 2009. IGW is up 74% in the past 12 moContinue Reading »
Steel stocks, on a steady upward trend since the March 2009 lows, have recently outpaced the broader market.
The Market Vectors Steel ETF (SLX) is up 34% since early November compared to a 10% gain for the broader market.
After bottoming in November, scrap steel prices are up 25% and look to increase by another 15% due to seasonal supply constraints, strong exports and low mill inventory levels according to a report by J.P.Continue Reading »
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