This real estate ETF is breaking out after going nowhere for a long time, according to the charts

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This real estate ETF is breaking out after going nowhere for a long time, according to the charts
MarketsExchange-Traded FundsThe Real Estate Select Sector SPDR Fund
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Frank Cappelleri breaks down the move in the Real Estate Select Sector SPDR fund.

The Real Estate Select Sector ETF is the worst performing sector ETF in 2024, up about 3.5% right now. Seven sector ETFs have gained more than 10% this year, and the S & P 500 is up 15%, itself. For this reason,

has done this by being one of the most consistent of the SPDR ETFs over the last few weeks: Through July 30, the ETF has been higher 14/21 days. The comeback has been extremely important from a technical analysis perspective, too. . The vertical lines depict the two major tops in rates since 2023. Not by coincidence,

and XHB were pretty tightly correlated. However, that markedly changed as 2024 began. XHB continued to advance, while

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Markets Exchange-Traded Funds The Real Estate Select Sector SPDR Fund Spdr S&P Homebuilders Etf Business News

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