What Are SPY’s Best and Worst-Performing Sectors?



Consumer Discretionary sector: SPY’s top gainer

The Consumer Discretionary sector (XLY) emerged as the SPDR S&P 500 ETF’s (SPY) top gainer, rising 2.4% on February 16, 2016. Core retail sales stood at 0.6% for the month of January compared to -0.3% for the month of December 2015. This was higher than the Market’s expectations.

XLY was 13% below its 52-week high of $81.9. In November 2015, it formed a double top pattern. Since attending the price level of $81–$82, the ETF has been in a continuous downtrend. Since December 2015, the ETF has not been able to cross its 100-day moving average.

However, after forming a 52-week low of $66 in February 2016, XLY is inching toward its 100-day moving average. As of February 16, 2016, the ETF is trading 7.2% below its 100-day moving average. However, it’s on par with its 20-day moving average.

Amazon (AMZN), Home Depot (HD), and The Walt Disney Company (DIS) have weights of 10.3%, 7.3%, and 6.7%, respectively, in XLY. Amazon rose by 2.8%, whereas Disney rose by 1.9% as of February 16. Home Dept rose by 2.7%.

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Utilities sector 2.4% below its 52-week highs

The Utilities sector (XLU) rose 0.63%, whereas SPY rose 1.7% on February 16, 2016. XLU emerged as SPY’s worst performer of the day. However, XLU has outperformed SPY in February 2016.

The ETF is currently trading 2.4% below its 52-week high. It’s trading 5% above its 100-day moving average and 1.5% above its 20-day moving average. The graph above shows the performances of SPY’s different sectors on February 16, 2016.

In the next part, we’ll see why Apple was SPY’s top-performing stock on February 16, 2016.


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