RSI’s materials theme continues – buy Materials Select Sector SPDR (XLB) August 18, 2010
Posted by Marlowe Cassetti in XLB.trackback
RSI’s recent theme has shifted from international and emerging market funds to more material and commodity funds. This shift is exemplified by today’s pick:
- Buy 229 shares Materials Select Sector SPDR (XLB); Stop = -$4.35 Target = +$13.06 Volatility = 5.39%
XLB has a great looking chart and it has produced a classic dip and recovery. It has been a perennial favorate of ETF investors and it trades on huge volume, almost 10 million shares today. If this theme is correct one cannot go wrong with an investment of XLB. It sure looks good to me.
Catch you later.
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