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The S&P 500 undefined  is divided into 11 sectors and each can be traded using its own exchange-traded fund. Since Donald Trump won the presidential election on Nov. 9, the ETFs for materials, industrial, energy, financial and transportation provided stock market upside leadership.

Nymex crude oil futures traded to a new 2016 high this morning of $54.51 versus my monthly and semiannual risky levels of $55.70 and $57.28, respectively. 

Last week, the S&P 500 experienced significant additional upside and set an all-time intraday high of 2,259.80 set on Dec. 9. By the end of the week, the ETFs for consumer discretionary and technology, joined the rally, as seven sector ETFs reached new highs last week.

The lagging sectors are represented by the "safety sectors" ETFs as real estate, consumer staples, health care and utilities had upgrades to their weekly chart technical formations last week.

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 SPDR Dow Jones REIT ETF (RWR) - Get SPDR Dow Jones REIT ETF Report ended last week at $93.73, up 2.3% year to date, and in correction territory 10.2% below its all-time intraday of $104.34 set on July 29, but is 16.1% above its Feb. 11 low of $80.74.

The weekly chart for RWR has been upgraded to positive from negative but oversold with the ETF above its key weekly moving average of $91.76 and above its 200-week simple moving average of $85.85, last tested during the week of Feb. 12, when the average was $81.06. The weekly momentum reading rose to 21.57 last week up from 15.82 on Dec. 2, moving above the oversold threshold of 20.00.

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Investors looking to buy the REIT ETF should do so on weakness to $88.65, which is a key level on technical charts for this week only. Investors looking to reduce holdings should consider selling strength to $96.05, which is a key level on technical charts until the end of December.

The Materials Select Sector SPDR Fund (XLB) - Get Materials Select Sector SPDR Fund Report ended last week at $51.50, up 18.6% year to date, and setting a multiyear intraday high of $51.69 on Dec. 8. The multiyear high of $52.22 was set in Feb. 2015. The ETF is in bull market territory 41.9% above its Jan. 20 low of $36.29.

The weekly chart for XLB remains positive with the ETF above its key weekly moving average of $48.94 and above its 200-week simple moving average of $45.76, last tested during the week of July 1, when the average was $44.51. The weekly momentum reading rose to 75.10 last week up from 64.52 on Dec. 2.

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Investors looking to buy the materials ETF should do so on weakness to $49.25, which is a key level on technical charts until the end of this week. I show a pivot of $51.19 as a magnet for December. 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.

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The Industrial Select Sector SPDR Fund (XLI) - Get Industrial Select Sector SPDR Fund Report ended last week at $63.98, up 20.7% year to date and set its all-time intraday high of $64.07 on Dec. 7. This ETF is in bull market territory 36.7% above its Jan. 20 low of $46.82.

The weekly chart for XLI is positive but overbought with the ETF above its key weekly moving average of $60.91 and above its 200-week simple moving average of $52.48, last tested during the week of Jan. 22 when the average was $47.92. The weekly momentum reading rose to 82.78 last week up from 74.89 on Dec. 2.

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Investors looking to buy the industrial ETF should do so on weakness to $61.23, which is a key level on technical charts until the end of December. Investors looking to reduce holdings should do so on strength to $68.26, which is a key level on technical chart until the end of 2016.

The Consumer Discretionary Select Sector SPDR Fund (XLY) - Get Consumer Discretionary Select Sector SPDR Fund Report ended last week at $84.31, up 7.9% year to date, and in bull market territory 24.7% above its Jan. 20 low of $67.59. This ETF set its all-time intraday high of $84.34 on Dec. 8.

The weekly chart for XLY is positive with the ETF above its key weekly moving average of $81.19 and well above its 200-week simple moving average of $70.26. The weekly momentum reading rose to 72.57 last week up from 63.36 on Dec. 2.

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Investors looking to buy the consumer discretionary ETF should do so on weakness to $81.02, which is a key level on technical charts until the end of December. Investors looking to reduce holdings should consider selling strength to $87.45, which is a key level on technical charts until the end of 2016.

The Consumer Staples Select Sector SPDR Fund (XLP) - Get Consumer Staples Select Sector SPDR Fund Report ended last week at $52.04, up 3.1% year to date and is 7.1% below the July 14 all-time intraday high of $56.02. The ETF is up 9.8% from its Jan. 20 low of $47.39.

The weekly chart for XLP has been upgraded to neutral from negative but oversold with the ETF above its key weekly moving average of $51.63 and above its 200-week simple moving average of $46.87. The weekly momentum reading ended last week at 18.42 last week up from 12.21 on Dec. 2, and will likely rise above the oversold threshold of 20.00 this week.

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Investors looking to buy the consumer staples ETF should do so on weakness to $50.40, which is a key level on technical charts until the end of this week. Investors looking to reduce holdings should consider selling strength to $52.80, which is a key level on technical charts until the end of December.

The Energy Select Sector SPDR Fund (XLE) - Get Energy Select Sector SPDR Fund Report ended last week at $76.60, up 27% year to date and in bull market territory 53.4% above its Jan. 20 low of $49.93. This ETF set its 2016 high of $76.76 on Dec. 9.

The weekly chart for XLE remains positive with the ETF above its key weekly moving average of $72.22, and challenging its 200-week simple moving average of $77.66, last tested during the week of June 5, 2015, when the average was $79.56. The weekly momentum reading rose to 78.29 last week up from 71.14 on Dec. 2.

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Investors looking to buy the energy ETF should do so on weakness to $71.63, which is a key level on technical charts until the end of this week. Investors looking to reduce holdings should consider selling strength to $77.35 and $78.52, which are key levels on technical charts until the end of 2016.

The Financial Select Sector SPDR Fund (XLF) - Get Financial Select Sector SPDR Fund Report ended last week at $23.75, up 22.7% year to date and in bull market territory 49.7% above its Feb. 11 low of $15.86. This ETF set its multiyear intraday high of $23.84 on Dec. 8.

The weekly chart for XLF remains positive but overbought with the ETF above its key weekly moving average of $21.68 and above its 200-week simple moving average of $18.37, last tested during the week of July 1 when the average was $17.58. The weekly momentum reading rose to 89.30 last week up from 85.69 on Dec. 2, moving further above the overbought threshold of 80.00.

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Investors looking to buy the finance ETF should do so on weakness to $22.57 and $21.73, which are key levels on technical charts until the end of this week and until the end of December, respectively. Investors looking to reduce holdings could have done so last week on strength to $23.51, which is a key level on technical charts until the end of 2016, now as a pivot or magnet.

The Health Care Select Sector SPDR Fund (XLV) - Get Health Care Select Sector SPDR Fund Report ended last week at $68.85, down 4.4% year to date and is 9.8% above its Feb. 9 low of $62.68. This ETF is 9.4% below its Aug, 1 high of $76.00.

The weekly chart for XLV remains neutral with the ETF below its key weekly moving average of $69.43 and above its 200-week simple moving average of $63.74. The weekly momentum reading rose to 36.55 last week up from 35.16 on Dec. 2.

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Investors looking to buy the health care ETF should do so on weakness to $65.93, which is a key level on technical charts until the end of this week. Investors looking to reduce holdings should consider selling strength to $73.95, which is a key level on technical charts until the end of December.

The Utilities Select Sector SPDR Fund (XLU) - Get Utilities Select Sector SPDR Fund Report ended last week at $47.96, up 10.8% year to date and 9.5% below its July 6 high of $53.02. This ETF is 15.6% above its Dec. 11, 2015 low of $41.50.

The weekly chart for XLU has been upgraded to positive from neutral with the ETF above its key weekly moving average of $47.55 and above its 200-week simple moving average of $43.43. The weekly momentum reading rose to 25.56 last week up from 21.56 on Dec. 2, moving above the oversold threshold of 20.00.

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Investors looking to buy the utilities ETF should do so on weakness to $46.79, which is a key level on technical charts until the end of this week. Investors looking to reduce holdings should consider selling strength to $48.89, which is a key level on technical charts until the end of December.

The Technology Select Sector SPDR Fund (XLK) - Get Technology Select Sector SPDR Fund Report ended last week at $48.65, up 13.6% year to date and in bull market territory 27.9% above its Jan. 20 low of $38.03.

The weekly chart for XLK has been upgraded back to positive with the ETF below its key weekly moving average of $47.43 and well above its 200-week simple moving average of $39.35. The weekly momentum reading rose to 67.26 this week up from 62.13 on Dec. 2.

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Investors looking to buy the technology ETF could have done so last week on weakness to $46.72, which is now a pivot until the end of 2016. A monthly pivot should be a magnet at $47.49. Investors looking to reduce holdings should consider selling strength to $49.05, which are key levels on technical charts until the end of 2016.

The iShares Transportation Average ETF (IYT) - Get iShares US Transportation ETF Report ended last week at $169.59, up 25.9% year to date and in bull market territory 47.6% above its Jan. 20 low of $114.91. This ETF set its all-time intraday high of $171.16 set on Dec. 9.

The weekly chart for IYT is positive but overbought with the ETF above its key weekly moving average of $156.93 and above its 200-week simple moving average of $138.81. The weekly momentum reading rose to 93.33 last week up from 91.31 on Dec. 2, moving further above the overbought threshold of 80.00.

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Investors looking to buy the transportation ETF should consider doing so on weakness to $162.11, which is a key level on technical charts until the end of this week. Investors looking to reduce holdings should do so on strength to $189.51, which is also a key level on technical charts until the end of 2016.

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