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  • Saturday, February 18, 2012 Stock Market Trends  0 comments
    Feb 19, 2012 10:46 PM

    Here are the current support and resistance levels for the market sectors. Many market sectors are at levels above their three month resistance levels.

    Support Levels

    Consumer Discretionary (NYSEARCA:XLY): $42.65
    Consumer Staples (NYSEARCA:XLP): $32.64
    Energy (NYSEARCA:XLE): $74.02
    Financials (NYSEARCA:XLF): $14.77
    Health Care (NYSEARCA:XLV): $36.22
    Industrials (NYSEARCA:XLI): $36.97
    Materials (NYSEARCA:XLB): $37.20
    Technology (NYSEARCA:XLK): $28.26
    Utilities (NYSEARCA:XLU): $34.94

    Resistance Levels

    Consumer Discretionary (XLY): ?
    Consumer Staples (XLP): ?
    Energy (XLE): ?
    Financials (XLF): ?
    Health Care (XLV): $36.36
    Industrials (XLI): $37.42
    Materials (XLB): $37.88
    Technology (XLK): ?
    Utilities (XLU): $35.07

    Disclosure: I am long XLF.

    Additional disclosure: I am long financials through mutual fund symbol FIDSX.

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