Info!! Sector Update For December 13Th

Last week's sector update constitute virtually of the 8 S&P 500 sectors that I runway for Technical Strength inwards relatively neutral modes. Influenza A virus subtype H5N1 publish of readers accept expressed involvement inwards the Technical Strength mensurate equally a means of tracking the trending conduct of stocks from solar daytime to day. Accordingly, I'm forthwith updating the readings for the xl stocks inwards my handbasket (five each from the 8 sectors) earlier each day's merchandise via Twitter (subscription is free).

Here's how nosotros await equally of Friday's close:

MATERIALS: +100 (50%)
INDUSTRIAL: -200 (49%)
CONSUMER DISCRETIONARY: +60 (63%)
CONSUMER STAPLES: -60 (46%)
ENERGY: +120 (58%)
HEALTH CARE: +20 (55%)
FINANCIAL: -200 (37%)
TECHNOLOGY: +40 (75%)

Recall that these Technical Strength readings vary betwixt +500 (strong uptrend) in addition to -500 (strong downtrend), with goose egg equally a perfect neutral (non-trending) level. Once again, nosotros come across that the S&P sectors are largely inwards a non-trending mode. Materials in addition to liberate energy shares accept gained trace on the dorsum of the commodities rally; fiscal shares accept weakened.

Technical Strength is designed equally a short-term tendency measure; a somewhat longer-term perspective tin sack move gained past times assessing the per centum of stocks inside each sector that are trading to a higher house moving averages of varying duration. This is tracked rattling helpfully past times the Decision Point service. The percentages inwards parentheses to a higher house reverberate the proportion of shares inwards each sector that are to a higher house their 20-day moving averages. Overall, the average is rattling only about the 50% mark, i time once again showing no enterprise longer-term trend. Financial shares are weakest over this fourth dimension frame; applied scientific discipline stocks strongest.

Overall, nosotros are trading inwards a consolidation mode, with shares ranging from concluding week's lows to the 900 resistance degree inwards the S&P futures index. I am tracking shifts alongside the sectors closely, both to position possible breakouts from this arrive at in addition to to get together of feel of leading in addition to lagging stocks on such a move. Both Technical Strength in addition to the per centum of stocks trading to a higher house their 20-day moving averages volition move posted each morn prior to the opened upwards of markets via the Twitter app.
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Info!! Sector Update For December 13Th

Last week's sector update flora a mixed Technical Strength motion-picture present with the viii S&P 500 groups that I runway weekly, with notable bullish short-term trending with wellness assist issues too bearish trending with financials. This calendar week saw continued gain leap action, continuing the mixed sector picture. There was roughly deterioration with consumer staples too financials; unloose energy stocks likewise remained inward a downtrend. Health assist stocks weakened, equally did tech companies, exactly both were inward uptrends, along with industrial too consumer discretionary names.

With continued commodity weakness, nosotros run across fiddling Technical Strength with raw materials too unloose energy issues; indeed, few of the sectors are trending strongly inward either direction. Here is the breakdown for this by week, equally of Friday's close:

MATERIALS: -20
INDUSTRIAL: 300
CONSUMER DISCRETIONARY: 200
CONSUMER STAPLES: -120
ENERGY: -180
HEALTH CARE: 120
FINANCIAL: -360
TECHNOLOGY: 260

We tin ship away run across from the nautical chart higher upward that Financial issues remain the weak group, having spent a sustained current inward a bearish mode.

I volition maintain to runway trending too marketplace strength/momentum via indicators posted to Twitter earlier the marketplace opened upward (follow here). This should assist us estimate whether the marketplace is probable to rest gain leap going into the vacation period, or whether nosotros tin ship away sustain a breakout move.
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