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QE Fatigue Becomes an Epidemic

Most sector ETFs shift to negative or remain negative on closes Friday below five-week MMAs as "QE Fatigue" becomes an epidemic:

  • Materials Select Sector SPDR (XLB) ($35.63) remains negative on a close today below the five-week modified moving average (MMA) at $36.33.
  • Industrial Select Sector SPDR (XLI) ($36.17) shifts to negative on a close Friday below the five-week MMA at $36.58.
  • Consumer Discretionary Sector SPDR (XLY) ($45.64) shifts to negative on a close Friday below the five-week MMA at $46.24.
  • Consumer Staples Sector SPDR (XLP) ($34.60) remains negative on a close Friday below the five-week MMA at $35.41.
  • iShares DJ US Consumer Services Sector Index Fund (IYC) ($84.33) shifts to negative on a close Friday below the five-week MMA at $85.54.
  • Energy Select Sector SPDR (XLE) ($69.57) stays negative on a close Friday below the five-week MMA at $71.90.
  • Financial Select Sector SPDR (XLF) ($15.48) shifts to negative on a close Friday below the five-week MMA at $15.72.
  • Health Care Select Sector SPDR (XLV) ($39.06) shifts to negative on a close Friday below the five-week MMA at $39.86.
  • Utilities Select Sector SPDR (XLU) ($34.88) shifts to negative on a close Friday below the five-week MMA at $36.25.
  • Technology Select Sector SPDR (XLK) ($28.11) stays negative on a close Friday below the five-week MMA at $29.47.
  • iShares Dow Jones Transportation Average (IYT) shifts to neutral on a close Friday below the five-week MMA at $89.86.

    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
    XLP $50.31 0.20%
    XLI $54.27 0.00%
    XLY $80.27 0.38%
    XLB $46.00 -0.15%
    IYC $150.78 0.69%

    Markets

    Chart of I:DJI
    DOW 17,726.84 -19.14 -0.11%
    S&P 500 2,110.15 +1.52 0.07%
    NASDAQ 5,143.6970 +14.9120 0.29%

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