Overall February's ETF Trend was more bullish than January's with all three major index ETFs gaining ground. Here are the quick take-aways from February:
- In contrast to January Asian markets experienced the heavier selling in February with Japan and Taiwan leading the weakness.
- January's standout was Regional Banks and February is no different with strength spreading to all financial another month of gains (XLF, RKH, KRE)
- Energy and Commodity Based ETFs continued to show major weakness with XLE, XOP, OIH, UNG and SLV all showing losses.
- If any leaders emerge in Energy and Commodities look towards Gold and Oil as GLD and USO were the a couple of the bright spots.
- With International and Global ETFs closing decisively bearish for a second month we'll be watching if they lead major US indices lower.
- The strongest US sector is consumer discretionary led by retailers (XRT)
Let me know if you see anything else in the comments below!
ETF Heatmap (1 Month Performance) – Click to Enlarge
Pingback: March ETF Trend Summary