Info!! Sector Update For May 10Th

Last week's sector update concluded that "As long equally markets are rewarding increment themes together with sectors, corrections are apt to survive relatively shallow, featuring sector rotation rather than broad-based sector decline." We did indeed decease along to run across shallow corrective movements during the week, equally averages moved to fresh bull swing highs. Indicators such equally the number of stocks registering fresh 65-day highs together with the Advance-Decline trouble specific to NYSE mutual stocks likewise made novel highs this past times week, suggesting that the bull has remained surprisingly rigid since its March lows.

As nosotros stance Technical Strength (a proprietary stair out of short-term trending; above), nosotros run across that, although the growth-oriented Technology stocks lost strength, this was to a greater extent than than balanced past times forcefulness amid Financial, Industrial, together with Energy shares. As nosotros tin seat the axe run across from the breakdown below, the bulk of sectors are trading amongst a short-term bullish bias:

MATERIALS: +300
INDUSTRIAL: +480
CONSUMER DISCRETIONARY: +300
CONSUMER STAPLES: +180
ENERGY: +440
HEALTH CARE: +260
FINANCIAL: +480
TECHNOLOGY: -120

Once again, the moving-picture exhibit is i to a greater extent than of sector rotation than outright sector weakness. So far, Technical Strength has done a practiced project of keeping swing traders on the right side of this market. I volition demand to run across the weakness amid Technology shares spread to other growth-oriented sectors earlier final that the bull is ready to curlicue over inwards whatsoever meaningful way. As always, I volition survive tracking the major indicators--including the trending deportment of the xl stocks inwards my portfolio (five highly weighted issues from each of the 8 sectors above)--each twenty-four hours prior to the marketplace opened upwards via Twitter (follow the Twitter feed here).
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