Select Sector SPDR Fund - Energy Select Sector(XLE) is in an downtrend

(31-Jan-2008) (31-Jan-2008) Select Sector SPDR Fund - Energy Select Sector(XLE) closed at 69.6, down -0.56 or -0.8 % today. Based on our analysis, Select Sector SPDR Fund - Energy Select Sector(XLE) is in an downtrend.

The closing price of Select Sector SPDR Fund - Energy Select Sector(XLE) is below its 50 day moving average of 74.48 (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 - Energy Select Sector(XLE) 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 20 trading days ago.