| 2019-12-13 15:18:03|
XLE, XLB… 15:18 12/13 12/13/19
On The Fly: Weekly technical notes for S&P 500
The S&P 500 (SPX) advanced to another record life high on solid breadth. At the peak of price before a modest pullback, the index hit 3182.68. For the coming week, that would put the 3185-3200 area into play as a potential upside objective range. Support is at 3150-3140. The best performing sectors for the week were Energy (XLE), Basic Materials (XLB), Technology (XLK), the Industrials (XLI), and the Financials (XLF). The weakest sector was the Utilities (XLU).