Most Industry Group ETFs In Uptrends

Below we highlight our list of US Industry Group ETFs.

After rallying from the August lows to very overbought levels, the ETFs have pulled back and are now trading within their normal trading ranges. Most of them remain in uptrends and above their 50-day moving averages. Some of the Oil and Gas ETFs have pulled back the most in the last 5 days, specifically XES and OIH.

However, the Clean Energy ETF (PBW) is up 0.42% over the same time period. Other Groups that have held up nicely during the recent pullback are Technology ETFs (PHW, SMH, SWH), Leisure & Entertainment (PEJ) and the Homebuilders (XHB).

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