The charts pretty much speak for themselves. Using these ETFs as a general representation of sector performance, many of the big names that have been in play for the past few months are breaking down below their 200 EMAs.
There's MOO, Market Vectors Agribusiness ETF (main holdings include BG, MOS, MON, POT). Or, you can check out DBA.KOL, Market Vectors Coal ETF (top holdings include WLT, CNX, MEE, ACI).
SLX, Market Vectors Steel ETF (top holdings include X, MTL, RIO, MT)IYT, iShares Dow Jones Transportation Average is in limbo at the moment, but might be good if Oil continues to the downside (top holdings of BNI, CSX, FDX, NSC, JBLU, CAL)
And then there's PBE, PowerShares Biotech ETF (top holdings being ABI, DNA, GILD, WAT)
Monday, August 04, 2008
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