Do You Agree With Todd Gordon On The SPDR ETF, XLC???

The Communication Services Select Sector SPDR ETF, XLC seeks to provide precise exposure to companies from the media, retailing, and software & services industries in the U.S.  Launched in June of 2018, XLC was created in response to this year’s changes in the Global Industry Classification Standard, the sector benchmarking system used by many indexers to classify thousands of stocks worldwide.

The top holdings include:

Source

Todd Gordon, founder of TradingAnalysis.com, says resistance in the broader market could exacerbate weakness in the sector.

“We have a series of three tops right around $280 in the SPY, 2,800 in the S&P 500. I think that

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