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March 16, 2006


ETF to Watch — Materials SPDR (XLB)

The Materials SPDR moved to a new all-time high on over four times average volume. Here are the XLB’s component stocks. Note that Weyerhaeuser, which I featured the other day, and IP, which was discussed in the comments of the WY post, are both prominent members of the XLB.

I bought this back when it was called the Basic Industries SPDR (thus the “B” in the ticker symbol), and have no plans to sell it for at least 30 years. ;-)

XLB

This entry was posted on Thursday, March 16th, 2006 at 10:19 am (utc+8) and is filed under Trading and Investing.

4 Responses to “ETF to Watch — Materials SPDR (XLB)”

  1. Tom said:
    March 17th, 2006 at 9:29 am

    Look at that nice support at $26 or $27. I expect an upward trend to continue based on what I’m hearing in the construction industry. Concrete, especially steel, asphalt, all materials are going through the roof.

  2. C. Maoxian said:
    March 17th, 2006 at 10:10 am

    Sounds like roofing supplies should also be doing well then. ;-)

  3. MaoXian » Notable New Highs — April 18, 2006 said:
    April 19th, 2006 at 8:41 am

    […] Again, I could easily pick 20 metals stocks acting Notably, and its becoming tough to decide which resource-based companies to feature. Folks may want to review this post from the middle of last month. […]

  4. Maoxian » Capstone Shareholders’ Rocky Ride and Other Market Observations said:
    January 20th, 2007 at 9:53 pm

    […] A ton of REITs once again populated the new highs list, along with Hong Kong (EWH), Singapore (EWS), and my old friend the Materials SPDR (XLB). […]

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