ETF Trends
ETF Trends

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.

Bbh_and_xhb_etfs

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.