XLI is the ETF of the Recovery

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XLI is the ETF of the Recovery

Published on Monday, 09 November 2009 23:43 Written by Guillermo Guerra

New York, Nov 9 (TradersHuddle.com) – The Select Spider industrials ETF (NYSE: XLI) has appreciated over 10% since the beginning of the month. Traders look at the industrials to lead the rally as the outlook for the recovery continues to improve.

After today’s session, the XLI moved towards the top end of the range, and it will now test the resistance level.

The XLI is a great ETF to get broad exposure to all big industrial companies like Caterpillar (NYSE: DOW) and General Electric (NYSE: GE), which have been leading the market higher helped by analysts upgrades in the last couple of days.

According to the TradersHuddle.com - Support and Resistance Tool, the XLI has resistance at $27.50.

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