This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Powerhouse ETFs: Transports and Technology Are the Best Performers

NEW YORK (TheStreet) -- Today we update our trading guidelines for the 11 exchange-traded funds we have been profiling for investors as alternatives to picking individual stocks.

Investing in ETFs smoothes out stock-specific volatility. This volatility has been clearly illustrated during our coverage of first-quarter earnings. It is difficult to pick stocks when many have double-digit year-to-date gains or losses ahead of earnings and/or double-digit gains or losses following earnings.

The profiles below provide trading guidelines for 11 ETFs. Two "Crunching the Numbers" follow.

Materials Select Sector SPDR Fund (XLB) ($49.38, up 3.4% since May 9) set a new all-time intraday high at $49.79 on June 9 and remains above all five key moving averages in today's first table. The weekly chart is positive but overbought with its five-week modified moving average at $48.45. Semiannual and quarterly value levels are $47.54 and $45.24, respectively, with weekly and monthly risky levels at $50.63 and $51.00, respectively.

Industrial Select Sector SPDR Fund (XLI) ($55.05, up 3.8% since May 9) set an all-time intraday high at $55.82 on June 9 and remains above all five key moving averages in today's first table. The weekly chart is positive but overbought with its five-week MMA at $53.73. Semiannual and quarterly value levels remain at $51.27 and $50.99, respectively, with weekly and monthly risky levels at $56.30 and $57.34, respectively.

Consumer Discretionary Select Sector SPDR Fund (XLY) ($66.61, up 4.3% since May 9) set an all-time intraday high at $67.85 on March 7, then traded as low as $61.84 on April 15 and as high as $67.26 on June 9. The weekly chart is positive with its five-week MMA at $65.32. Semiannual value levels remain at $65.13 and $63.58 with a quarterly pivot at $66.98, and weekly and monthly risky levels at $67.46 and $69.46, respectively.

Consumer Staples Select Sector SPDR Fund (XLP) ($45.04, up 1.2% since May 9) set an all-time intraday high at $45.27 on June 9 and continues to be above all five key moving averages in today's first table. The weekly chart is positive but overbought with its five-week MMA at $44.40. Semiannual and annual value levels remain at $43.27 and $40.69, respectively, with a quarterly pivot at $44.55 and weekly and monthly risky levels at $46.18 and $46.61, respectively.

iShares US Consumer Services ETF (IYC) ($123.27, up 3.7% since May 9) set an all-time intraday high at $124.99 on March 7 then traded as low as $114.71 on April 15 with the recent high at $124.45 on June 9. The weekly chart is positive with its five-week MMA at $121.24. Semiannual value levels are $117.62 and $114.14 with a quarterly pivot at $124.92, and weekly and monthly risky levels at $125.19 and $129.71, respectively.

Energy Sector SPDR Fund (XLE) ($97.17, up 3.7% since May 9) set an all-time intraday high at $97.47 on June 9 and remains above all five key moving averages in today's first table. The weekly chart is positive but overbought with its five-week MMA at $94.22. Annual and semiannual value levels are $94.88 and $90.62, respectively, with a monthly pivot at $96.16 and weekly risky level at $100.41.

Finance Sector SPDR Fund (XLF) ($22.74, up 3.7% since May 9) set a multiyear intraday high at $22.93 on June 9. The weekly chart is positive with its five-week MMA at $22.25. Quarterly and semiannual value levels are $22.14 and $20.24, respectively, with weekly and monthly risky levels at $23.01 and $23.55, respectively.

Health Care Select Sector SPDR Fund (XLV) ($59.98, up 3.7% since May 9) set an all-time intraday high at $60.49 on March 6 then traded as low as $55.39 on April 14 with the June 9 high as $60.40. The weekly chart is positive with its five-week MMA at $58.91. Semiannual value levels remain at $50.34 and $49.67 with a quarterly pivot at $58.98 and weekly and monthly risky levels at $61.43 and $61.87, respectively.

Utilities Select Sector SPDR Fund (XLU) ($42.15, down 0.3% since May 9) set a multiyear intraday high at $43.52 on May 1 then traded as low as $41.23 on May 20 before rebounding to $43.47 on June 6. The weekly chart is neutral with its five-week MMA at $42.20. Annual value levels remain at $41.19 and $39.12 with weekly and monthly risky levels at $43.41 and $43.63, respectively.

Technology Select Sector SPDR Fund (XLK) ($38.24, up 5.3% since May 9) set a multiyear intraday high at $38.37 on June 9 and remains above all five key moving averages shown in the first table. The weekly chart is positive but overbought with its five-week MMA at $37.22. Semiannual and quarterly value levels are $35.92 and $34.23, respectively, with weekly and monthly risky levels at $38.74 and $39.89, respectively.

iShares Dow Transportation Average ETF (IYT) ($146.12, up 5.8% since May 9) set an all-time intraday high at $148.18 on June 9 and is above all five key moving averages in today's first table. The weekly chart is positive but overbought with its five-week MMA at $141.95. Quarterly and semiannual value levels remain at $132.17 and $131.89, respectively, with weekly and monthly risky levels at $151.05 and $151.60, respectively.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
IYT $159.00 0.00%
XLK $43.13 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs