The top five sector in this ETF are: Financial, 16.66%, Technology, 16.2%, and Industrials, 15.72%.
SPDR S&P MidCap 400 ETF (MDY)
From The Chartist Mutual Fund/ETF Letter
As we go to press, the S&P 500 is attempting to push its way through a pocket of overhead resistance in evidence at the November 7th highs. Many analysts now feel that once this is accomplished it will be only a matter of time before the September 20th all-time highs are taken out as well. The S&P 500 is only 4.2% away from record high territory.
The overall market appears to have a lot going for it, given the momentum thrust buy signal that was generated in January and followed with a 90% rule buy signal a month later. Both of these indicators have produced outstanding results over the years.
Add to this the breakout by the A/D Line into record high territory in mid-February. It has since pulled back, but it is still narrowly above its former all-time highs set last September.
Investors acting in sync with the Mutual Fund/ETF Actual Cash Account are now advised to buy the SPDR S&P MidCap 400 (MDY), increasing their equity exposure from 40% to approximately 50%.
Dan Sullivan, The Chartist Mutual Fund/ETF Letter, www.thechartist.com, 900-942-4278, February 20 and March 12, 2019