Info!! Sector Update For May 18Th

Last week's sector update noted that "I volition require to run into the weakness alongside Technology shares spread to other growth-oriented sectors earlier final that the bull is receive to gyre over inwards whatever meaningful way." As nosotros tin run into from the nautical chart above, that weakness did indeed occur, equally nosotros saw reduced Technical Strength alongside Materials, Consumer Discretionary, too Energy shares.

Recall that Technical Strength is a quantitative mensurate of short-term trending, with sector values ranging from +500 (very rigid uptrend) to -500 (very rigid downtrend). Values betwixt -100 too +100 propose a non-trending environment.

Here is how the sectors broke downwardly equally of Friday's close:

MATERIALS: -80
INDUSTRIAL: +120
CONSUMER DISCRETIONARY: -80
CONSUMER STAPLES: +60
ENERGY: +20
HEALTH CARE: +220
FINANCIAL: +240
TECHNOLOGY: -40

Note that virtually of the sectors are inwards neutral trending mode, too none are equally however registering downtrend signals. That is telling us that, too thus far, the marketplace pullback has been a correction inwards the bull swing that we've had; non a reversal of overall marketplace trend. That is too consistent with the marketplace perspective of late posted.

I volition endure watching closely early on inwards the calendar week to run into if the market's increase themes too sectors tin reassert themselves. As always, updated marketplace indicators volition endure posted via Twitter earlier the marketplace opened upwards (follow the tweets here). I'll too endure posting a full general indicator review afterwards inwards the day.
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