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This sector looks incredibly weak!
Ecolab Inc.
This sector looks incredibly weak!
By Trading-Capital
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Jan 25
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Jan 25
XLB materials sector saw a nasty down day today despite the S&p500 closing positive.
Clear relative weakness is being observed.
One of the leading stocks in XLB : DD (Dupont) collapsed by 14% after issuing weak forward guidance ahead of their earnings.
If they're expecting softer demand from China you can almost count on contagion through the sector.
Chart Patterns
chemicals
DD
dupont
materials
SPX (S&P 500 Index)
SPDR S&P 500 ETF (SPY)
Trend Analysis
XLB
Trading-Capital
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