I was doing my weekend scans and noticed that XLB is starting to look a little bit top heavy. I think my medium term on oil names is clear, but these look somewhat bearish in the medium term as well. Some of the largest holdings of the XLB ETF by weight were:
Linde PLC (LIN)
Ecolab Inc. (ECL)
DuPont de Nemours Inc. (DD)
Dow Inc. (DOW)
Air Products and Chemic…