Dollar in demand
What’s important to us as traders is that this ongoing shift in supply and demand, in buying and selling, causes movement in the market.
And that movement is a trading opportunity.
Strength will weaken when we test new highs!
Index Performance
ETF P/E Ratio 12M Forward YTD Performance Communication Services Select Sector SPDR Fund (NYSE: XLC ) 14.9x 37.68% Technology Select Sector SPDR Fund (NYSE: XLK ) 24.6x 32.97% Consumer Discretionary Select Sector SPDR Fund (NYSE: XLY ) 22.8x 25.45% SPDR S&P 500 ETF Trust (NYSE: SPY ) 18.8x 13.80% Industrials Select Sector SPDR Fund (NYSE: XLI ) 18.1x 4.91% Energy Select Sector SPDR Fund (NYSE: XLE ) 11.8x 4.85% Materials Select Sector SPDR Fund (NYSE: XLB ) 17.8x 2.32% Financial Select Sector SPDR Fund (NYSE: XLF ) 13.7x -0.20% Health Care Select Sector SPDR Fund (NYSE: XLV ) 17.2x -3.03% Real Estate Select Sector SPDR Fund (NYSE: XLRE ) 32.9x -4.06% Consumer Staples Select Sector SPDR Fund (NYSE: XLP ) 18.9x -4.15% Utilities Select Sector SPDR Fund (NYSE: XLU ) 16.2x -8.10% Source: Koyfin, data as of Sept. 25, 2023
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