The Main Sector SPDR ETFs Distance from Recovery Highs

Apr 6, 2010: 3:08 PM CST

In following up from this afternoon’s post, I wanted to show a grid of the main nine AMEX Sector SPDR ETFs distance from the 2007 (or 2008) high, as a gauge of the recovery (and distance to new highs as of April 6, 2010).

Offensive/Risk-Seeking Sectors:

XLF Financials: 57% away from June 2007 high

XLY Consumer Discretionary:  18% away from July 2007 high

XLK Technology:  18.5% away from November 2007 high

XLI Industrials: 24% away from October 2007 high

XLB Materials: 25% away from May 2008 high

XLE Energy: 35% away from May 2008 high

Defensive/Protective Sectors:

XLP Consumer Staples: 6% away from September 2008 high

XLU Utilities: 31% away from the December 2007 high

XLV Health Care: 15% away from December 2007 high

Recall the prior post “XLP Consumer Staples ETF Nears New All-Time High,” and use it as a reference for what these charts might look like.

This post continues that thought and shows the other ETFs and how they compare to their respective peaks.

Stock traders benefit from this kind of data – using the Sector Rotation model – to buy stocks of the strongest sectors and potentially hedge with stocks in the weakest sectors… among other strategies.

Data computed with charts from TradeStation.

Corey Rosenbloom, CMT
Afraid to Trade.com

Follow Corey on Twitter:  http://twitter.com/afraidtotrade

4 Comments

4 Responses to “The Main Sector SPDR ETFs Distance from Recovery Highs”

  1. K Says:

    Corey you say-Stock traders benefit from this kind of data – using the Sector Rotation model – to buy stocks of the strongest sectors and potentially hedge with stocks in the weakest sectors… among other strategies.

    How would I use the data above to my advantage?

    XLF is 57% away from its June high, would I go long or short?
    XLI is 24% from its October high's would I go long or short?
    From the information above how would I glean which sector has the money flowing in?

    Thanks
    K

  2. K Says:

    Corey you say-Stock traders benefit from this kind of data – using the Sector Rotation model – to buy stocks of the strongest sectors and potentially hedge with stocks in the weakest sectors… among other strategies.

    How would I use the data above to my advantage?

    XLF is 57% away from its June high, would I go long or short?
    XLI is 24% from its October high's would I go long or short?
    From the information above how would I glean which sector has the money flowing in?

    Thanks
    K

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