WEEKEND SECTOR CHARTS

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xle - energy / daily


+dmi 38 has resulted in a price correction about 85% of the time since 05. plenty of neg-d on these indicators. smi divergence has been especially deadly for this etf.







uco - x2crude / daily


technicals saying its about to roll over.
could be a tough shakeout, given the geo-political risk. its always trumped supply/demand in the past. that data out wednesday as usual






xlb - materials / daily



got right back up into formation friday, but still like it for break








xlf - financials / daily



all i can come up with for a reason why xlf held, is that the reits got squeezed a bit fri ahead of some housing data due on mon and tues. didn't show up on kme though





iyr - reits / daily



if i had a short cre strategy on, this chart would have been doggin' me all weekend








xlk - tech / daily



running on fumes imo. if i were going to short anything before spy breaks 93, it'd be tech. oh, and that eastern european etf of course