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Thursday, December 31, 2009

Sector Analysis - 31/12/09



XLY - Continue to strengthen
XLK - Continue to strengthen
XLI - Attempt breakdown of uptrend support but may bounce here.
XLB - Continue to strengthen
XLF - Broke out of downtrend resistance. May see price break downtrend resistance soon?
XLE - Pulling back on rally.1st pullback since minor downtrend resistance broke.
XLP - Continue to weaken
XLV - Continue to weaken (Double top)
XLU - Continue to weaken
IYT - Continue to weaken (Double top)

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