Select Sector SPDR Fund - Industrial(XLI) is in an downtrend but momentum is showing some life

(28-Jan-2008) (28-Jan-2008) Select Sector SPDR Fund - Industrial(XLI) closed at 36.33, up 0.53 or 1.48 % for the day. Based on our analysis, Select Sector SPDR Fund - Industrial(XLI) is in an downtrend but momentum is showing some life.

The closing price of Select Sector SPDR Fund - Industrial(XLI) is below its 50 day moving average of 38.06 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Select Sector SPDR Fund - Industrial(XLI) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line today, let us see if it sustains.