| 2019-11-08 15:35:14|
XLE, XLI… 15:35 11/08 11/08/19
On The Fly: Weekly technical notes for S&P 500
The S&P 500 (SPX) is set to end the week near another lifetime high. With price last at the 3085 area, it is just 12 points below the life high and not far from the 3100 handle. For the coming week, which will include the last bit of earnings flow for the index for this reporting season, the new range objective is 3100-3125. Support is at 3075-3050. The best performing sectors were Energy (XLE), Industrials (XLI), Technology (XLK), Basic Materials (XLB), and the Financials (XLF). The weakest sector was Utilities (XLU).
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