Chart o’ the Day: Not All Sectors Bouncing Equally

I put together a quick and dirty chart look at S&P sector ETFs for context surrounding the recent bounce…

The blue lines in the charts below represent each sector SPDR’s 20-day moving average while the red lines represent the 50-day.

In these two-month charts at a glance, we see that Utilities and Staples have been most resilient and trannies (IYT) have bounced the hardest. Outside of those groups, there are very few sectors back above their 50-days at this juncture. We’ll see if the they can push.

Screen Shot 2014-10-21 at 11.06.54 AM

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