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XLI

Industrial Select Sector SPDR

$63.76 /

-0.11 (-0.17%)

, XLF

Financial Select Sector

$21.91 /

-0.085 (-0.39%)

15:33
05/22/20
05/22
15:33
05/22/20
15:33

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

The S&P 500 (SPX) is set to end the week higher, bumping up against the familiar 2950 area. This has been a very hard line of resistance that surprisingly has not been successfully challenged for long on the upside. For the coming week, the 2950-3000 area is a potential upside range test. Support is at the 2940-2910 area. Most sectors such as the Industrials (XLI), Financials (XLF), Energy (XLE), Consumer Staples (XLP), and Utilities (XLU) remain range bound. The weakest sectors are well below the midpoint of the 52-week high to low range. These are acting as drags on the index. Technology (XLK) and Health Care (XLV) are becoming range bound but at much higher levels, much closer to 52-week highs. Until that situation changes, with a broadening of the rally, the index will have difficulty advancing.

XLI

Industrial Select Sector SPDR

$63.76 /

-0.11 (-0.17%)

XLF

Financial Select Sector

$21.91 /

-0.085 (-0.39%)

XLE

Energy Select Sector SPDR

$38.33 /

-0.39 (-1.01%)

XLP

Consumer Staples Sector SPDR

$57.31 /

+0.03 (+0.05%)

XLU

Utilities SPDR

$56.25 /

+0.39 (+0.70%)

XLK

Technology Select Sector SPDR

$96.29 /

+0.14 (+0.15%)

XLV

Health Care Select Sector SPDR

$99.38 /

+0.03 (+0.03%)

SPY

SPDR S&P 500 ETF Trust

$294.84 /

+0.06 (+0.02%)

SPX

S&P 500

$0.00 /

+ (+0.00%)

XLI Industrial Select Sector SPDR
$63.76 /

-0.11 (-0.17%)

07/24/19 Gabelli
Gabelli downgrades Stanley Black & Decker to Hold on valuation
05/30/19 Deutsche Bank
Deutsche Bank makes 'Catalyst Call Buy' on UPS
XLF Financial Select Sector
$21.91 /

-0.085 (-0.39%)

XLE Energy Select Sector SPDR
$38.33 /

-0.39 (-1.01%)

XLP Consumer Staples Sector SPDR
$57.31 /

+0.03 (+0.05%)

10/23/19 Morgan Stanley
Procter & Gamble results could bode well for Walmart, says Morgan Stanley
XLU Utilities SPDR
$56.25 /

+0.39 (+0.70%)

01/15/20 Goldman Sachs
Avangrid downgraded to Sell from Neutral at Goldman Sachs
XLK Technology Select Sector SPDR
$96.29 /

+0.14 (+0.15%)

XLV Health Care Select Sector SPDR
$99.38 /

+0.03 (+0.03%)

03/18/20
Jefferies ups Health Care to Overweight, cuts Discretionary to Underweight
SPY SPDR S&P 500 ETF Trust
$294.84 /

+0.06 (+0.02%)

03/11/20 Goldman Sachs
Goldman Sachs believes the S&P 500 bull market will soon end
02/27/20 Keefe Bruyette
Stock market may rally Monday on 'Biden bounce,' Keefe Bruyette says
02/24/20
Dow Jones futures decline over 800 points ahead of today's open
12/16/19 Piper Sandler
Piper establishes 2020 S&P 500 price objective of 3,600
SPX S&P 500
$0.00 /

+ (+0.00%)

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