Select Sector SPDR Fund - Basic Industries(XLB) is in an downtrend

(28-Jan-2008) (28-Jan-2008) Select Sector SPDR Fund - Basic Industries(XLB) closed at 39.2, up 0.76 or 1.98 % for the day. Based on our analysis, Select Sector SPDR Fund - Basic Industries(XLB) is in an downtrend.

The closing price of Select Sector SPDR Fund - Basic Industries(XLB) is below its 50 day moving average of 40.38 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Select Sector SPDR Fund - Basic Industries(XLB) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 4-Jan-2008, about 17 trading days ago.