| 2020-01-17 15:12:06|
XLU, XLK… 15:12 01/17 01/17/20
On The Fly: Weekly technical notes for S&P 500
For the week, the S&P 500 (SPX) set a number of new records. At time of writing it looks set to close just off the best levels of the day but up strongly to new life high territory. At the last price of 3324.43, there is no established resistance for the forthcoming holiday-shortened week. A potential range Is in the 3325-3375 area. Support is at 3300-3280. The best sectors of the week were Utilities (XLU), Technology (XLK), Consumer Staples (XLP), Health Care (XLV), Basic Materials (XLB), and the Industrials (XLI). The worst performing sectors were Energy (XLE) and the Financials (XLF).