On the fly News and insights, exclusive to thefly.com

XLK

Technology Select Sector SPDR

$73.23

0.88 (1.22%)

, XLF

Financial Select Sector

$26.59

0.005 (0.02%)

15:12
03/15/19
03/15
15:12
03/15/19
15:12

On The Fly: Weekly technical notes for S&P 500

At time of writing the S&P 500 (SPX) is set to end up strongly for the week, but right at resistance at the 2830 area. Nonetheless the cash index has cleared resistance going back to the tops of October, November, and December of last year. This is technically bullish for future price. If there is a breakout extension next week, the 2850-2900 area becomes the next big upside objective. Support will be in a band of 2815-2775. The 2815 area was the point of breakout for the index. For the week, all sectors finished in the green. Leading sectors on the upside were Technology (XLK), Financials (XLF), Health Care (XLV), and Basic Materials (XLB). Energy (XLE) and the Industrials (XLI) were relative laggards.

XLK

Technology Select Sector SPDR

$73.23

0.88 (1.22%)

XLF

Financial Select Sector

$26.59

0.005 (0.02%)

XLV

Health Care Select Sector SPDR

$91.89

0.01 (0.01%)

XLB

S&P Select Materials SPDR

$55.30

-0.265 (-0.48%)

XLE

Energy Select Sector SPDR

$65.58

-0.465 (-0.70%)

XLI

Industrial Select Sector SPDR

$74.11

-0.55 (-0.74%)

SPY

SPDR S&P 500 ETF Trust

$281.56

0.35 (0.12%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.