Sector Spotlight: Old Support Returns as Resistance

In this edition of StockCharts TV’s Sector Spotlight, I go over last week’s rotations in Asset Classes and Sectors and put these into a weekly perspective. In the Asset Class section, I zoom in on Stocks, Bonds and Commodities. In sectors, I look at rotations for XLC, XLE, XLF, XLK, XLY and XLP. In the Sector Special segment, we are looking at the Consumer Staples Sector and drill down into the industries that make up this sector. For SPY and a few major sectors, old support levels are now coming back as resistance, keeping the market under pressure.

This video was originally broadcast on February 15, 2021. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube. You can also check out the video on the StockCharts TV on-demand website, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.

Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.

#StaySafe, -Julius