Throughout the market problems of the first quarter, stocks tied to basic materials have been the top performing sector. That’s also been true over the last week. The chart below shows the Materials SPDR (XLB) trading over 43 today for the first time this year. That puts in in striking distance of its fourth quarter highs. The rising relative strength line below the chart shows the group’s superior performance since last autumn. Three of the top performing stocks in the XLB are Alcoa, Freeport McMoran Copper & Gold, and U.S Steel.click on chart to enlarge<[...]
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[Source: The Money Blogs]
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