Crocuses Industrials {XLI}

Continuing our "Crocuses" Study from last week. One more day of looking at sectors. For a more thorough discussion of some of these terms see our Thursday Posting regarding the SPY.

1. This chart looks more like the Dow Jones Index {DIA}. In fact its "Cross" may not yet be complete and it is also coming up against a major level of resistance between 22 & 23.

2. Same trading range that we've seen in almost everything else we've looked at.

3. ETF is also overbought.

*Long XLI in select client accounts. Long SPY and DIA in client accounts.