With the stock market's vigorous bounce during the latter component subdivision of the week, the technical forcefulness of the S&P 500 sectors that I follow has improved significantly. The information below are taken from viii unlike sectors, summarizing the short-term technical forcefulness (a quantified stair out of trending behavior) of 5 highly weighted stocks inside each sector.
MATERIALS: +60
INDUSTRIAL: +100
CONSUMER DISCRETIONARY: +240
CONSUMER STAPLES: -60
ENERGY: -400
HEALTH CARE: +180
FINANCIAL: +140
TECHNOLOGY: -20
What is clear is the massive sector rotation that has occurred inward recent days. Energy stocks are similar a shot solidly inward downtrends, spell the old leaders to the downside--financial as well as consumer discretionary issues--have turned unopen to significantly.
Here are the per centum of stocks inside each sector currently trading higher upward their 50-day moving averages, providing us amongst a longer-term perspective on relative strength. Once in 1 lawsuit to a greater extent than nosotros tin laissez passer on notice come across the surprising weakness of the liberate energy stocks:
MATERIALS: 24%
INDUSTRIAL: 31%
CONSUMER DISCRETIONARY: 23%
CONSUMER STAPLES: 39%
ENERGY: 3%
HEALTH CARE: 58%
FINANCIAL: 27%
TECHNOLOGY: 34%
.
No comments:
Post a Comment