Info!! Sector Update For December 3Rd

Last week's sector update constitute a mixed film of Technical Strength alongside the 8 S&P 500 sectors that I rails via a handbasket of xl highly-weighted stocks. Here's how nosotros facial expression every bit of Wednesday's close:

MATERIALS: -200

INDUSTRIAL: -80

CONSUMER DISCRETIONARY: +160

CONSUMER STAPLES: -120

ENERGY: -100

HEALTH CARE: +120

FINANCIAL: -80

TECHNOLOGY: -40

Scores betwixt +100 in addition to -100 dot a nontrending environment; scores of +300 or to a greater extent than stand upwards for a enterprise uptrend; scores of -300 or less travel on during a enterprise downtrend. On a short-term basis, we're seeing a real mixed, non-trending film for stocks. I volition hold out watching the stocks in addition to sectors closely for hints every bit to a breakout from this consolidation. This has been a tricky trading surround for traders expecting breakouts in addition to trending moves, with abrupt intraday reversals sustaining gain leap conditions.
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