ARTICLE SYNOPSIS...The Material SPDR has been under bearish clouds for more than six months. The moving average resistances and the head & shoulder top may suppress any pullback rally.
ARTICLE SYNOPSIS...Many indexes, sectors, and stocks may be facing tough trading sessions and huge volatility. XLB has the same challenge.
ARTICLE SYNOPSIS...The Materials Select Sector has recently broken through the resistance area and is heading toward another solid hurdle. Let us check out the reliability of the new rally.
ARTICLE SYNOPSIS...The materials sector has formed an ascending triangle. The high-volume breakout can lead to a new level of $42.
ARTICLE SYNOPSIS...The technical charts of the Material Select Sector SPDR show more weakness in upcoming sessions.