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QE Fatigue Spreads on Weak Earnings

Sector ETFs that will likely be negative at Friday's close as "QE Fatigue" spreads:

  • Materials Select Sector SPDR (XLB) ($36.04) shifts to negative on a close Friday below the five-week modified moving average at $36.60.
  • Industrial Select Sector SPDR (XLI) ($36.29) shifts to negative on a close Friday below the five-week MMA at $36.64.
  • Consumer Discretionary Sector SPDR (XLY) ($45.77) shifts to negative on a close Friday below the five-week MMA at $46.32.
  • Consumer Staples Sector SPDR (XLP) ($35.47) stays negative on a close Friday below the five-week MMA at $35.73.
  • Energy Select Sector SPDR (XLE) ($71.87) shifts to negative on a close Friday below the five-week MMA at $72.82.
  • Technology Select Sector SPDR (XLK) ($28.94) stays negative on a close Friday below the five-week MMA at $30.02.

    At the time of publication, the author held no positions in any of the stocks mentioned.

    This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

    Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.
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    SYM TRADE IT LAST %CHG
    XLB $48.61 -0.04%
    XLP $48.71 0.62%
    XLE $76.56 -0.61%
    XLI $55.55 0.38%
    XLY $74.91 0.51%

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    DOW 17,712.66 +34.43 0.19%
    S&P 500 2,061.02 +4.87 0.24%
    NASDAQ 4,891.2190 +27.8570 0.57%

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