Pretty much all exchange traded fund (ETF) sectors have taken a beating recently with the market down. The Biotech HOLDRs (BBH) is the only fund up in this last week, and it was up a mere 0.5%, reports Hickey and Walters for Bespoke Investment Group. They created a chart of all the U.S. industry groups and sorted them by the percentage each ETF is trading from its 50-day moving average. Even though BBH is up, it’s still below its 50-day trend line, as you can see in the chart below.
Who came out the biggest loser? That would be: (horns blow) the SPDR S&P Homebuilders (XHB). It’s down 11% for the week. Although, this should hardly come as a surprise considering how bad the housing market is doing.
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