Courtesy of John Nyaradi.
Newton’s First Law: An object that is in motion will stay in motion until an external force acts upon it. Weekly ETF winners in motion are:
ETF Winners for Week 1:
(NYSEARCA:GLD) SPDR Gold Trust: +4.9%
(NYSEARCA:XOP) SPDR Oil and Gas: +4.8%
(NYSEARCA:XHB) SPRD Home Builders: +4.5%
(NYSEARCA:KBE) SPDR KBW Bank Index: +4.2%
Leading Sectors Week 1
chart courtesy of www.stocksharts.com
Leading sectors for the week were Materials (NYSEARCA:XLB) Financials (NYSEARCA:XLF) and Consumer Discretionary (NYSEARCA:XLY)
Bottom line: A “look under the hood” at Weekly ETF Winners and leading sectors tells us that “risk on” assets were favored, particularly recently beaten down sectors like financials, materials and gold.
Disclaimer: Wall Street Sector Selector actively trades a wide range of exchange traded funds (ETFs) and positions can change at any time. Wall Street Sector Selector is long XLF.
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