We wish our readers a Happy & Prosperous 2014!
US ETFS were mostly stellar performers in 2013 with the S&P 500 gaining over 30% surprising many market pundits.
In early 2013 we had anticipated superior performance from Emerging Markets ETFS but we were on the wrong foot here. Hopefully 2014 will turn things around for these markets.
With 2013 now in the rear view, we wanted to take a look at the price performance of S&P SPDR Sector ETFS in the last 13 weeks (as of 12/27/2013 price close) and this is what we found:
Top 5 13-week Price Performance
- KCE - SPDR S&P Capital Markets ETF - 16.67%
- XME - SPDR S&P Metals & Mining ETF - 13.24%
- KRE - SPDR S&P Regional Banking ETF - 13.18%
- XLI - SPDR Select Sector Fund - Industrial ETF - 12.38%
- XPH - SPDR S&P Pharmaceuticals ETF - 10.72%
Bottom 5 13-week Price Performance
- XBI - SPDR S&P Biotech ETF - (0.98%)
- XOP - SPDR S&P Oil & Gas Exploration & Production ETF - 0.64%
- XES - SPDR S&P Oil & Gas Equipment & Service ETF - 1.37%
- XLU - SPDR Select Sector Fund - Utilities ETF - 1.78%
- XTL - SPDR S&P Telecom ETF - 3.27%
On the positive side, XME does attract attention based on its strong price action. It registered a strong close above its 40-week EMA this week and its weekly technical BIR Rating was a strong +73. Trend followers may want to keep add this to their watch list.
Price performance of the Bio Tech ETF, interestingly, has been in the negative in the last 13 weeks. Price action has been somewhat sluggish over this time period.
The Oil & Gas ETFS have also struggled during this period. In the Oil & Gas space, XES though is flagging an interesting divergence. This ETF has had a price change of a paltry 1.37% but its Total BIR Rating is a respectable 156 which indicates technical price strength. Investors may want to keep an eye on this ETF whose price is above its 40-week EMA and the EMA slope is also on a healthy incline. Does this suggest a sign of accumulation?
Good Luck and Happy Trading!