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Join the Rally With These 11 Sector ETFs

NEW YORK (TheStreet) -- Today I am crunching the numbers for 11 sector-based electronically traded funds. So far in 2014, the leader is Health Care Sector SPDR Fund (XLV), up 7.5% YTD, followed by Utilities Sector SPDR Fund (XLU) up 5%, and in third place Materials Sector SPDR Fund (XLB), up 3.9%. Only two are slightly lower year-to-date. Note that seven of 11 ETFs set new all-time or multiyear highs on Thursday, March 6.

There is a technical red flag for the health care ETF, as it set an all-time intraday high at $60.49 on Thursday and closed the day below Wednesday's low at $59.88. By definition, a key reversal will be confirmed by lower closes today and on Monday.

Looking at today's "Crunching the Numbers" table on page 3 of this article, all 11 sector ETFs have rising or overbought 12x3x3 weekly slow stochastics.

But a close today above all of the five-week modified moving averages shown in the table keeps all weekly chart profiles technically positive. The only exception is that the utilities ETF is below its 21-day simple moving average at $39.92.


On to the ETFs:

Materials Sector SPDR ETF ($48.00, up 3.9% YTD) set a new all-time intraday high at $48.26 on Thursday, March 6. The weekly chart stays positive on a close today above its five-week MMA at $46.10. My quarterly value level is $46.18, with a semiannual pivot at $47.54 and monthly risky level at $49.54.

Industrial Sector SPDR Fund (XLI) ($52.83, up 1.1% YTD) set a new all-time intraday high at $52.95 on Thursday. The weekly chart stays positive on a close today above its five-week MMA at $51.46. My quarterly and semiannual value levels are $51.33 and $50.88, with a monthly risky level at $55.39.

Consumer Discretionary SPDR Fund (XLY) ($67.49, up 1% YTD) set a new all-time intraday high at $67.63 on Thursday. The weekly chart stays positive on a close today above its five-week MMA at $65.61. My semiannual value levels are $65.13 and $63.58, with quarterly and monthly risky levels at $69.16 and $70.29.

Consumer Staples SPDR Fund (XLP) ($42.54, down 1% YTD) set its all-time intraday high at $43.46 on Nov. 18, then traded as low as $39.83 on Feb. 3 -- well below its 200-day SMA. This ETF rebounded back above its 200-day SMA at $41.39 on Feb. 13. The weekly chart stays positive on a close today above its five-week MMA at $42.00. My annual value level is $40.69 (tested at the low), with semiannual and monthly risky levels at $43.27 and $43.56.

iShares U.S. Consumer Services (IYC) ($124.55, up 2.7% YTD) set a new all-time intraday high at $124.84 on Thursday. The weekly chart stays positive on a close today above its five-week MMA at $120.64. My semiannual value level is $117.62, with quarterly and monthly risky levels at $126.02 and $128.90.

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