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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