SELL! SPDR S&P METALS & MINING ETF (XME) NYSE

  Report No. 2445    Analysis by: Harry Aloof     SEPTEMBER 10, 2012

SPDR S&P METALS & MINING ETF (XME-NYSE): Technical Viewpoint: From a high of $37.10 on Jul 25, 2012 prices declined, reaching a low of $44.00 on Aug 21, 2012. A rally saw prices pull back, reaching a high of $40.02 on Sep 4, 2012. Another decline saw prices penetrate support, closing 9/7/12 at $43.92. Technicals: MACD Index (MACD): A Sell Alert! was given on Sep 6, 2012 when the solid line crossed the dotted line to the upside. Support: Remains at $42.30. Resistance: Is at $44.52. Point & Figure: Reversed to the downside on Sep 7, 2012. A P&F downside reversal takes place at $41.00. Summary: Technical indicators have turned bearish. SELL! SPDR S&P METALS & MINING ETF (XME-NYSE) @ $44.13 Stop: Use a protective stop of $42.13. SPDR S&P METALS & MINING ETF is currently trading @ $43.92 minus $2.14 on Sep 7, 2012. Price Objective: $55.00. Risk/Reward: $2.00 VS. $10.87. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$55.00 Risk/Reward:
$2.00 VS. $10.87 Risk/Reward Ratio:
5:1
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