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Join the Rally With These 11 Sector ETFs

Energy Sector SPDR Fund (XLE) ($87.85, down 0.7% YTD) set a multiyear intraday high at $88.53 on Dec. 31, then declined to its 2014 low at $81.78 on Feb. 3. That was a temporary move below its 200-day SMA, now at $84.06. The weekly chart stays positive on a close today above its five-week MMA at $86.03. My quarterly value level is $86.54 with semiannual and annual risky levels at $88.66 and $89.37.

Finance Sector SPDR Fund (XLF) ($22.27, up 1.9% YTD) set a new all-time intraday high at $22.32 on Thursday, March 6. The weekly chart stays positive on a close today above its five-week MMA at $21.65. Semiannual value levels are $20.24 and $19.44, with a monthly pivot at $21.36 and quarterly risky level at $23.38.

Health care ETF ($59.60, up 7.5% YTD) set a new all-time intraday high at $60.49 on Thursday. The weekly chart stays positive but overbought on a close today above its five-week MMA at $57.74. My quarterly value level is $56.59, with a monthly pivot at $58.09.

Utilities ETF ($39.87, up 5% YTD) set its 2014 intraday high at $40.93 on Feb. 24, between semiannual and annual risky levels at $40.46 and $41.19. The weekly chart stays positive on a close today above its five-week MMA at $39.46. Annual and semiannual value levels are $39.12 and $38.88.

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Technology Sector SPDR Fund (XLK) ($36.53, up 2.2% YTD) set a new multiyear intraday high at $36.60 on Thursday. The weekly chart stays positive but overbought on a close today above its five-week MMA at $35.74. Semiannual and annual value levels are $34.04 and 32.26, with a semiannual pivot at $35.92, and monthly and quarterly risky levels at $36.88 and $37.42.

iShares Dow Transportation (IYT) ($135.69, up 2.9% YTD) is challenging its all-time intraday high at $135.93, set on Jan. 23. The weekly chart stays positive on a close today above its five-week MMA at $131.58. Semiannual and quarterly value levels are $129.17 and $126.32, with a semiannual pivot at $131.89 and monthly risky level at $136.65.


To summarize: the health care ETF is the most important to track into today's close. A close today above the March 5 low at $59.88 negates Thursday's key reversal day. A close today below last week's low at $58.92 would also be a weekly key reversal. This would clearly set up a watch for next week's closes for all 11 ETFs versus their five-week MMAs.

See my chart on the following page for more data on these stocks.

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