The pattern in the on-balance volume (OBV) looks toppy considering that while XLB was making higher highs, the OBV was forming lower highs (line d).
Among the largest underlying components of XLB, in trading today E.
Materials (XLB) and utilities (XLU) companies yield an average of 2.3 percent and 4.1 percent, respectively, while energy (XLE) stocks pay an average yield of 2.2 percent.
The Select Sector SPDR-Materials ( XLB) has also done well, up 13.1% with Monsanto ( MON), its second largest holding, up over 17% so far this year.
Chart Analysis : The Select Spyder SPDR Materials ( XLB) had a rough 2011, down 12.8% for the year even though it did rebound in the last quarter.
Representing materials is the Material Select Sector SPDR ( XLB).
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Among the largest underlying components of XLB, in trading today Dow Chemical Company ( DOW) is off about 1%, and Praxair Incorporated ( PX) is lower by about 0.8%.
According to the ETF Finder at ETF Channel, FCX makes up 7.86% of the Materials Select Sector SPDR Fund ETF (XLB)which is trading higher by about 0.6% on the day Tuesday.
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According to the ETF Finder at ETF Channel, DD makes up 10.99% of the Materials Select Sector SPDR Fund ETF (XLB)which is trading up by about 0.1% on the day Friday.
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And it did so again this time to a degree that a positive market reaction is far from assured, although the jumps in the XLE, XLF and XLB Sector SPDRs this week were market-leading.
According to the ETF Finder at ETF Channel, DOW makes up 8.29% of the Materials Select Sector SPDR Fund ETF ( AMEX: XLB )which is trading up by about 0.5% on the day Friday.
According to the ETF Finder at ETF Channel, FCX makes up 8.81% of the Materials Select Sector SPDR Fund ETF ( AMEX: XLB) which is trading up by about 1.6% on the day Thursday.
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According to the ETF Finder at ETF Channel, FCX makes up 7.86% of the Materials Select Sector SPDR Fund ETF ( AMEX: XLB )which is trading lower by about 1.5% on the day Wednesday.
According to the ETF Finder at ETF Channel, FCX makes up 7.86% of the Materials Select Sector SPDR Fund ETF ( AMEX: XLB )which is trading up by about 0.1% on the day Wednesday.
According to the ETF Finder at ETF Channel, FCX makes up 9.24% of the Materials Select Sector SPDR Fund ETF ( AMEX: XLB) which is trading lower by about 0.1% on the day Thursday.
Among the largest underlying components of XLB, in trading today DuPont ( NYSE: DD) is down about 0.7%, Freeport-McMoran ( NYSE: FCX) is off about 5.5%, and Monsanto Company ( NYSE: MON) is lower by about 0.3%.
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Among the largest underlying components of XLB, in trading today Monsanto Co. ( NYSE: MON) is off about 0.5%, DuPont ( NYSE: DD) is trading flat, and Dow Chemical Co. ( NYSE: DOW) is higher by about 0.3%.
Among the largest underlying components of XLB, in trading today Monsanto Co. ( NYSE: MON) is trading flat, DuPont ( NYSE: DD) is off about 0.6%, and Dow Chemical Co. ( NYSE: DOW) is lower by about 1.1%.
Among the largest underlying components of XLB, in trading today Monsanto Co. ( NYSE: MON) is off about 0.4%, DuPont ( NYSE: DD) is down about 0.3%, and Dow Chemical Co. ( NYSE: DOW) is lower by about 0.9%.
Among the largest underlying components of XLB, in trading today Monsanto Co. ( NYSE: MON) is up about 0.3%, DuPont ( NYSE: DD) is off about 1.1%, and Dow Chemical Co. ( NYSE: DOW) is lower by about 1.2%.
Among the largest underlying components of XLB, in trading today DuPont ( NYSE: DD) is up about 0.3%, Dow Chemical Co. ( NYSE: DOW) is up about 0.9%, and Ecolab, Inc. ( NYSE: ECL) is up by about 0.6%.
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Among the largest underlying components of XLB, in trading today DuPont ( NYSE: DD) is up about 1.9%, Monsanto Co. ( NYSE: MON) is up about 0.7%, and Dow Chemical Co. ( NYSE: DOW) is higher by about 2.4%.
Among the largest underlying components of XLB, in trading today DuPont ( NYSE: DD) is down about 2.1%, Monsanto Co. ( NYSE: MON) is up about 0.5%, and Dow Chemical Co. ( NYSE: DOW) is lower by about 1.1%.
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