The S&P 500 SPDR ETF (SPY) - Get Report continues to have a negative weekly chart. This benchmark exchange-traded fund, known as Spiders, ended last week below its key weekly moving average of $214.13 and with weekly momentum declining to 40.91 down from 49.42 on Oct. 21.

The technology sector has the only exchange-traded fund with a positive but overbought weekly chart. The financial sector ETF is the only sector with a positive weekly chart -- but that could change when, at the end of November, the Federal Deposit Insurance Corporation releases its Quarterly Banking Profile for the third quarter.

The weekly charts for the energy and transportation ETFs have been downgraded to neutral this week, while the utilities ETF has been upgraded to neutral.

The six ETFs have negative weekly charts with consumer staples now oversold with a positive divergence, while health care becomes even more oversold.

Today's focus will be on the daily charts for the 11 S&P sector exchange-traded funds.

Here's this week's scorecard for the 11 exchange-traded funds that represent each of the sectors of the S&P 500.

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The daily chart for the SPDR Dow Jones REIT ETF (RWR) - Get Report shows the Fibonacci retracements of the rally from the Feb. 11 low of $80.74 to the July 29 high of $104.34.

Since setting its July 29 high, the first wave down reached its 23.6% retracement of $98.74 on Aug. 26. There was a price gap lower on Sept. 9, which put the ETF below its 50-day simple moving average of $101.11 and below the 23.6% retracement of $98.74 leading to a test of the 38.2% retracement of $95.29 on Sept. 16.

As real estate investment trusts became the 11th S&P sector, this ETF popped back above the 23.6% retracement of $98.74 trading as high as $99.96 on Sept. 27, which was below the 50-day simple moving average, then at $100.29. By Sept. 30, the ETF was cascading below the retracements. The ETF was below the 38.2% retracement of $95.29 and its 200-day simple moving average of $94.53 on Oct. 4. The ETF has been below the 200-day simple moving average since then and moved below its 50% retracement of $92.51 on Oct. 26 to a test of the 61.8% retracement of $89.73 on Oct. 27.

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Investors looking to buy the REIT ETF should do so on weakness to $85.40, which is the 200-week simple moving average. Investors looking to reduce holdings should consider selling strength to $101.16, which is a key level on technical charts until the end of 2016.

The daily chart for the Materials Select Sector SPDR Fund (XLB) - Get Report shows the Fibonacci retracements of the rally from the Jan. 20 low of $36.29 to the Aug. 23 high of $49.57.

The ETF has been below its 50-day simple moving average since Sept. 9 when the average was $48.40. Weakness to $45.56 on Oct. 13 was below the 23.6% retracement of $46.43, but the 200-day simple moving average of $45.49 held. Today this ETF is above its 200-day SMA of $45.81 and above the 23.6% retracement, but below its 50-day SMA of $47.59.

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Investors looking to buy the materials ETF should do so on weakness to $42.80, which is a key level on technical chart until the end of 2016. Investors looking to reduce holdings should consider selling strength to $53.66, which is a key level on technical charts until the end of 2016.

The daily chart for the Industrial Select Sector SPDR Fund (XLI) - Get Report shows the Fibonacci retracements of the rally from the Jan. 20 low of $46.82 to the Aug. 23 high of $59.34.

This ETF has been below its 50-day simple moving average since Oct. 7 with the average now at $57.83. The 23.6% retracement of $56.38 held on Oct. 21.

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Investors looking to buy the industrial ETF should do so on weakness to $55.66, which is the 200-day simple moving average. Investors looking to reduce holdings should do so on strength to $63.14, which is a key level on technical chart until the end of October. The $57.42 level should be a magnet until the end of 2016.

The daily chart for the Consumer Discretionary Select Sector SPDR Fund (XLY) - Get Report shows the Fibonacci retracements of the rally from the Feb. 11 low of $67.59 to the Aug. 15 high of $82.38.

The ETF has been below its 50-day simple moving average now of $79.70 since Oct. 25 with Friday's close below the 23.6% retracement of $78.89 and below the 200-day simple moving average of $78.25.

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Investors looking to buy the consumer discretionary ETF should do so on weakness to $71.86, which is a key level on technical charts until the end of 2016. Investors looking to reduce holdings should consider selling strength to $84.18, which is a key level on technical charts until the end of October.

The daily chart for the Consumer Staples Select Sector SPDR Fund (XLP) - Get Report shows the Fibonacci retracements of the rally from the Jan. 20 low of $47.39 to the July 14 high of $56.02.

The ETF has been below its 23.6% retracement of $53.98 since Sept. 9. The 38.2% retracement of $52.72 has been a magnet since Sept. 9. The ETF is below its 200-day simple moving average of $52.95 with the 50% retracement of $51.70, and the 50-day simple moving average of $53.22.

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Investors looking to buy the consumer staples ETF should do so on weakness to $46.64, which is a key level on technical charts until the end of 2016. Investors looking to reduce holdings should consider selling strength to $55.82, which is a key level on technical charts until the end of October.

The daily chart for the Energy Select Sector SPDR Fund (XLE) - Get Report shows the Fibonacci retracements of the rally from the Jan. 20 low of $49.93 to the Sept. 8 high of $71.94, which was retested on Oct. 10.

The ETF is trading between its 23.6% retracement of $66.72 and its Sept. 8 high of $71.94 with the 50-day simple moving average of $69.55.

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Investors looking to buy the energy ETF should do so on weakness to $65.21, which is the 200-day simple moving average. Investors looking to reduce holdings should consider selling strength to $74.72, which is a key level on technical charts until the end of October.

The daily chart for the Financial Select Sector SPDR Fund (XLF) - Get Report shows the Fibonacci retracements of the rally from the Feb. 11 low of $15.86 to the Sept. 1 high of $20.01.

The ETF is trading between its 23.6% retracement of $19.03 and its Sept. 1 high of $20.01. In-between is the 50-day simple moving average of $19.55.

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Investors looking to buy the finance ETF should do so on weakness to $18.68, which is the 200-day simple moving average. A quarterly level of $19.55 should be a magnet. Investors looking to reduce holdings should consider selling strength to $20.12, which is a key level on technical charts until the end of October.

The daily chart for the Health Care Select Sector SPDR Fund (XLV) - Get Report shows the Fibonacci retracements of the rally from the Feb. 9 low of $62.68 to the Aug. 1 high of $76.00.

The ETF has been trading below its 50-day simple moving average since Aug. 25 when the average was $73.45. The ETF has been below its 23.6% retracement of $72.86 since Sept. 28. The ETF has been below its 38.2% retracement of $70.92 since Oct. 11. The ETF has been below its 200-day simple moving average of $70.47 since Oct. 12. Today the ETF is between its 61.8% retracement of $67.78 and its 50% retracement of $69.35.

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Investors looking to buy the health care ETF should do so on weakness to $62.94, which is the 200-week simple moving average. Investors looking to reduce holdings should consider selling strength to $75.54, which is a key level on technical charts until the end of October.

The daily chart for the Utilities Select Sector SPDR Fund (XLU) - Get Report shows the Fibonacci retracements of the rally from the Dec. 11 low of $41.50 to the July 6 high of $53.02.

The utility ETF has been below its 50-day simple moving average of $50.51 and below its 23.6% retracement of $50.30 since Sept. 27. The ETF has been below its 200-day simple moving average of $48.50 and below its 38.2% retracement of $48.61 since Oct. 3. The ETF stabilized around its 50% retracement of $47.25 between Oct. 4 and Oct. 12. Today the ETF is below its 38.2% retracement of $48.61 and below its 50-day and 200-day simple moving averages of $49.00 and $48.94, respectively.

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Investors looking to buy the utilities ETF should do so on weakness to $43.10, which is the 200-week simple moving average. Investors looking to reduce holdings should consider selling strength to $51.19 and $51.46, which are key levels on technical charts until the end of 2016.

The daily chart for the Technology Select Sector SPDR Fund (XLK) - Get Report shows the Fibonacci retracements of the rally from the Jan. 20 low of $38.03 to the Sept. 22 high of $47.96, which was exceeded twice slightly since then.

The ETF is trading between its 23.6% retracement of $45.62 and its Oct. 25 high of $48.06. The 50-day simple moving average is $47.37.

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Investors looking to buy the technology ETF should do so on weakness to $46.72, which is a key level on technical charts until the end of 2016. My annual value level lags at $35.69. Investors looking to reduce holdings should consider selling strength to $48.54 and $49.05, which are key levels on technical charts until the end of October and the end of 2016, respectively.

The daily chart for the Shares Transportation Average ETF (IYT) - Get Report shows the Fibonacci retracements of the rally from the Jan. 20 low of $114.91 to the April 20 high of $146.07. The second half high of $147.00 was set on Oct. 4.

The ETF is between its 50-day simple moving average of $143.28 and the Oct. 4 high of $147.00.

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Investors looking to buy the transportation ETF should consider doing so on weakness to $139.62 and $136.24, which are key levels on technical charts until the end of 2016. Investors looking to reduce holdings should do so on strength to $146.67, which is a key level on technical charts for this week.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.