A list of winners and losers Thursday feature Energy (XLE) and Financials (XLF). The former are rising on the heels of what may pass for a new OPEC production deal limiting member production. It remains to be seen whether members will adhere to production agreements. Financials continue to rally with strong expectations interest rates will rise.
After setting new all-time highs, the Tech Sector ETF (XLK) and Treasury Bond ETF (IEF) are promptly selling-off as money flows rotate fresh sector leaders as shown below.
Dave Fry is founder and publisher of ETF Digest and has been covering U.S. and global ETFs since 2001.
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Disclaimer: The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell only any security. Market sectors and related ETF's are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotation's aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com