4/16/20 MARKET CLOSE Update: ETF 'X' INDEXES

Daily Coverage of the SPDR X ETFs

XLV: Chart with Detailed Levels

Market Structure: NEUTRAL

Momentum: Bullish (exhaustion)

Internals: Above the Zero line and steady

Block Volume: Declined day over day but strong

GEX: Positive


XLV Summary: No comments as they would be irrelevant considering the AH moves with the White House decisions. Weekend will include the details including tomorrow's action.

XLU: Chart with Detailed Levels

Market Structure: Still overall Bearish

Momentum: Neutral (bearish x-over not confirmed)

Internals: Above the Zero line

Block Volume: Positive

GEX: Negative


XLU Summary: No comments as they would be irrelevant considering the AH moves with the White House decisions. Weekend will include the details including tomorrow's action.

XBI: Chart with Detailed Levels

Market Structure: Still overall Bearish

Momentum: Bullish (exhaustion setting in)

Internals: Positive

Block Volume: Neutral

GEX: Negative


XBI Summary: No comments as they would be irrelevant considering the AH moves with the White House decisions. Weekend will include the details including tomorrow's action.

XLRE: Chart with Detailed Levels

Market Structure: Still overall Bearish

Momentum: Neutral (bearish x-over not confirmed)

Internals: Above the Zero line

Block Volume: HEAVY Chasing AGAIN

GEX: Neutral


XLRE Summary: No comments as they would be irrelevant considering the AH moves with the White House decisions. Weekend will include the details including tomorrow's action.

XHB: Chart with Detailed Levels

Market Structure: Still overall Bearish

Momentum: Neutral (bearish x-over not confirmed)

Internals: Negative below the zero line

Block Volume: HEAVY Negative

GEX: Negative


XHB Summary: No comments as they would be irrelevant considering the AH moves with the White House decisions. Weekend will include the details including tomorrow's action.

XME: Chart with Detailed Levels

Market Structure: Still overall Bearish

Momentum: Neutral (bearish x-over not confirmed)

Internals: Above the Zero line

Block Volume: Positive

GEX: Positive


XME Summary: No comments as they would be irrelevant considering the AH moves with the White House decisions. Weekend will include the details including tomorrow's action.

XRT: Chart with Detailed Levels (New Today)

Market Structure: Still overall Very Bearish

Momentum: Neutral (bearish x-over not confirmed)

Internals: Above the Zero line

Block Volume: Chasing today

GEX: Negative


XRT Summary: No comments as they would be irrelevant considering the AH moves with the White House decisions. Weekend will include the details including tomorrow's action.


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