Sector ETF Technical Outlook

Year to date, the top performing Select SPDR Funds have been Health Care (XLV, 18.7%, beta .68), Consumer Staples (XLP, 17.6%, beta .58), and Utilities (XLU, 17.3%, beta .48). Clearly a defensive positioning has been required to outperform the market. Last week’s action has not so subtly hinted at...