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SMO Exclusive: SPDR ETF Strength Report 2024-09-06

Brian Degracia

09 Sep 2024 • 3 min read

Market context, No New Longs per the -63% Market Strength Score.

Background

Here's a unique Stock Market Organizer strengthening/weakening look at the 10 SPDR ETFs and their underlying component stocks for the week ending 2024-09-06.

Performance Summary

9 of the 10 ETFs WEAKENED. The Strongest ETFs are XLF Financial, XLRE Real Estate, and Utilities at 3Stronger. The Weakest is XLE Energy at 6Weak.

XLB Basic Materials WEAKENED from 4Strong to 5Average
XLE Energy WEAKENED from 5Average to 6Weak
XLF Financial WEAKENED from 2VeryStrong to 3Stronger
XLI Industrials WEAKENED from 3Stronger to 4Strong
XLK Technology WEAKENED from 4Strong to 5Average
XLRE Real Estate WEAKENED from 2VeryStrong to 3Stronger
XLU Utilities UNCHANGED at 3Stronger
XLV Healthcare WEAKENED from 3Stronger to 4Strong
XLY Consumer WEAKENED from 4Strong to 5Average
XTL Telecommunications WEAKENED from 3Stronger to 4Strong

Individual ETF Detail

The Materials Select Sector SPDR Fund (XLB)

The index includes securities of companies from the following industries: chemicals; metals and mining; paper and forest products; containers and packaging; and construction materials.

The Energy Select Sector SPDR Fund (XLE)

The index includes companies that have been identified as Energy companies by the GICS®, including securities of companies from the following industries: oil, gas and consumable fuels; and energy equipment and services.

The Financial Select Sector SPDR Fund (XLF)

The index includes companies that have been identified as Financial companies by the Global Industry Classification Standard, including securities of companies from the following industries: financial services; insurance; banks; capital markets; mortgage real estate investment trusts; and consumer finance.

The Industrial Select Sector SPDR Fund (XLI)

The index includes companies that have been identified as Industrial companies by the Global Industry Classification Standard, including securities of companies from the following industries: aerospace and defense; industrial conglomerates; marine transportation.

The Technology Select Sector SPDR Fund (XLK)

The Real Estate Select Sector SPDR Fund (XLRE)

The index includes companies that have been identified as Real Estate companies by the Global Industry Classification Standard (GICS®).

The Utilities Select Sector SPDR Fund (XLU)

The index includes securities of companies from the following industries: electric utilities; water utilities; multi-utilities; independent power and renewable electricity producers; and gas utilities.

The Health Care Select Sector SPDR Fund (XLV)

The index includes companies from the following industries: pharmaceuticals; health care equipment & supplies; health care providers & services; biotechnology; life sciences tools & services; and health care technology.

The Consumer Discretionary Select Sector SPDR Fund (XLY)

The index includes companies that have been identified as Consumer Discretionary companies by the Global Industry Classification Standard (GICS®).

SPDR S&P Telecom ETF (XTL)

The index represents the telecommunications segment of the S&P Total Market Index ("S&P TMI").