Friday, March 23, 2018

Info!! Sector Update For May 25Th

Last week's sector review constitute that the bulk of S&P 500 sectors that I rails for Technical Strength (a quantitative mensurate of short-term trending) were inward a neutral mode, with a broad multi-week trading range. After early on forcefulness inward the week, nosotros vicious dorsum into that range, closing the calendar week close the attain lows.

As nosotros tin dismiss encounter above, v of the viii sectors are firmly lodged inward neutral trending mode, with relative forcefulness with the defensive wellness aid stocks in addition to weakness with the to a greater extent than growth-oriented technology scientific discipline issues. Here is how it broke downward every bit of Friday's close:

MATERIALS: +180
INDUSTRIAL: -40
CONSUMER DISCRETIONARY: -20
CONSUMER STAPLES: +40
ENERGY: +60
HEALTH CARE: +260
FINANCIAL: +80
TECHNOLOGY: -260

Recall that Technical Strength varies from +500 (strong uptrend) to -500 (strong downtrend), with scores betwixt -100 in addition to +100 suggesting no pregnant directional tendency. The recent consolidation attain has extended for virtually of this calendar month in addition to should eventually Pb to a pregnant breakout move. Tracking the themes that are dominating the electrical flow market also every bit the handbasket of stocks drawn evenly from the sectors volition assistance us choose care of that deed when it occurs. Meanwhile, fading the attain extremes if nosotros produce non become an expansion of new 20-day highs/lows in addition to Demand/Supply readings is the operative strategy.

Traders interested inward tracking the 20-day highs/lows, vogue demeanour of the handbasket of stocks, in addition to Demand/Supply readings volition discovery these posted earlier the marketplace opened upwards each twenty-four hr catamenia via Twitter (follow the flow of tweets here).
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