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Product Manager at a Fortune 500 Financial Services firm. Passionate about the stock market and business trends, writes for SeekingAlpha and MotleyFool. MBA from University of Florida, Warrington School of Business. Twitter updates: @hitjo
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The Efficient Frontier
  • Watch Out For XLI Action On 07/03/2012 0 comments
    Jul 3, 2012 8:35 AM | about stocks: XLI

    Yesterday, the ISM data disappointed many; the figure was 49.7 vs. expected 52.3, and also below the last month's 53.5.

    Investors did find some relief in the construction spending figures, that were at 0.9% vs. the previous 0.6% .

    If the latest factory orders data comes out positive for the manufacturing sector, US based Industrials could have a grand day. XLI could end up trading in the $36-$38 range.

    However, a bad factory orders would be equally bad for XLI. Keep a watch on XLI and all industrials today.

    NOte: XLI has 200-day MA of $34, with slightly bullish short-term patterns in 06/29/2012.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: XLI
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