May was a strong month for consumer staples, utilities, and the health care sector. As wide-reaching global economic concerns weighed heavily on the broad market indices, the Consumer Staples Select Sector SPDR ( XLP), XLU, and Healthcare Select Sector SPDR ( XLV) managed to outperform. Looking to the near future, many of the same issues that plagued the global markets in May look set to continue. Devising a strong plan for defense will be essential to successful market navigation. PowerShares Dynamic Leisure & Entertainment Portfolio ( PEJ) The summer vacation season is gearing up and as consumers prepare to escape their offices for a little rest and relaxation, investors may want to keep the PEJ and other consumer-focused funds on the radar. Despite concerns regarding the detrimental effects of rising commodity costs, the consumer has proven to be a resilient corner of the market during the first half of 2011. It will be interesting to see if this strength holds up during the coming months. Written by Don Dion in Williamstown, Mass.
In trading on Wednesday, shares of the First Trust NASDAQ Global Auto Index Fund ETF crossed above their 200 day moving average of $38.73, changing hands as high as $38.89 per share. First Trust NASDAQ Global Auto Index Fund shares are currently trading up about 1.1% on the day.
In trading on Friday, shares of the First Trust NASDAQ Global Auto Index Fund ETF crossed above their 200 day moving average of $39.15, changing hands as high as $39.31 per share. First Trust NASDAQ Global Auto Index Fund shares are currently trading up about 0.6% on the day.