Every week, we measure and trend the underlying strength of the major sector ETFs. This is how we pick key areas of the market most likely to curry favor with large institutional investors, a crucial first step before we ever consider individual equities to trade. We use the relationship between bullish/very bullish and bearish/very bearish rated stocks in each ETF.
Defensive ETF XLV (Health Care) is showing persistent strength, while cyclical sectors like Industrials (XLI), Energy (XLE) and Materials (XLB) have really fallen off. Health Care ETF XLV is also giving off a relative strength buy signal today. More evidence of a persistent trend.
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