An Industrial Type Of Play

XLI-The Industrial Select Sector Index is one of the 10 sectors that make up the SP500.  XLI is currently sitting on its 50 and 200 day moving averages with only 6.66% of its stocks trading above their 10 day moving average, making it short term oversold just based on the amount of stocks above the 10 day.  The sector is also down 10 out of the last 12 days.  XLI might be due for a short term bounce.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.


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