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Strategies & Market Trends : The New SEctor SPDR Funds
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To: David N. Jones who wrote (18)1/7/1999 8:11:00 AM
From: Mr. BSL  Read Replies (1) of 122
 
David, with yesterday's action in the oil sector, I believe that the
sector has turned up intra-week. I have a count of Bull Alert 22.1
I know the last column of O's only goes down to 18 but I have 15.96
intra-week on 12/30!

Plan A is to hold 4 sector SPDRs and rotate them as sector conditions
change. Right now I own XLK (6.8% ytd), XLF (4.1% ytd),
XLY (4.0% ytd) and XLV (2.6% ytd).

XLK - Solid. Semi's (14%) looked like it may have been topping
recently but yesterdays 8% BP jump in the semi sector shows that
the techs still have some life in them.

XLF - Solid. Insurance (23%) shifted back into Bull Confirmed this
week.

XLY - Solid. Retail/Auto/Building still look strong. WMT & HD are
both Valueline 1 with RS in X, above BSL & on a P&F buy.

XLV - So-So. Media BP at 72% is at the top end of its historic range.
DIS (11%) is Value Line 5.

XLE - VL ratings still poor. More recent upgrades than downgrades.
XON (25%), RD (16%) & MOB (11%) all are on buy signals trading
above their BSL. I think this is a pure Oil Sector play and
I've talked myself into Bull Alert for this sector.

I'll exchange XLV for XLE this morning.

FYI, the early indications are that the DJBB is the chart to watch
for XLU. It's currently in a column of O's and XLU is stuck in the
mud (0.6% ytd).

What do you think of XLP and XLI?

Dick
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