June option expiration has come and gone and the markets have held their own as each of the major indices stayed above the 200 SMA. The biggest gainers for the past week were the Dow and the utilities sector ($XLU). The health-care ($XLV), consumer discretionary ($XLY) and consumer staples ($XLP) sectors were flat while precious metals ($XME) was the only sector that declined in the number of components above the 200 SMA.
I’ve added $ADRE to the ETFs that I track to give me a better sense of emerging markets.