Conclusion, Investment Implications, Strategy

We exited long/overweight ideas in the SPDR S&P Metals and Mining ETF (XME), iShares Transportation Average ETF (IYT), and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) late yesterday.  These ideas posted +10%, +10%, and 0% gains, respectively.

Analysis

The yellow highlights in Table 1 below show that we exited long/overweight ideas in the SPDR S&P Metals and Mining ETF (XME), iShares Transportation Average ETF (IYT), and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) late yesterday.  This table can regularly be found in our Monday morning Keys To This Week for Market Sectors and Industry Groups

Table 1

Chart 1 below shows that we exited our Sep 27th long/overweight idea in XOP for a 10% gain while simultaneously outperforming the S&P 500 (SPY) by 1%.

Chart 1

Chart 2 below shows that we exited our Oct 11th long/overweight idea in IYT for a 10% gain while simultaneously outperforming the S&P 500 (SPY) by 2%.

Chart 2

Chart 3 below shows that we exited our Oct 15th long/overweight idea in XME for a 0% gain while simultaneously underperforming the S&P 500 (SPY) by 4%.

Chart 3