Info!! Sector Update For September 20Th

Last week's sector review constitute that none of the 8 S&P 500 sectors that I runway weekly were trading inwards downtrends, per the proprietary Technical Strength mensurate (a quantification of short-term trending that is like inwards logic to a goodness of tally mensurate to a regression line). If y'all click on the nautical chart above, nosotros tin come across that this has continued to survive the illustration this past times week, equally all sectors are trading inwards varying degrees of uptrend.

(Note: The Technical Strength mensurate past times sector varies from +500, rigid uptrend, to -500, rigid downtrend. Readings betwixt -100 together with +100 propose no important directional tendency).

We tin over again come across that the economically sensitive Materials, Industrial, Consumer Discretionary, together with Energy stocks are quite strong; the to a greater extent than defensive Consumer Staples together with Health Care sectors are relatively weaker. This sector configuration suggests that equity participants are inwards a risk-seeking mode, betting on a recovering economy.

Here is how the sectors finished this past times week:

MATERIALS: 320
INDUSTRIAL: 400
CONSUMER DISCRETIONARY: 360
CONSUMER STAPLES: 180
ENERGY: 320
HEALTH CARE: 140
FINANCIAL: 320
TECHNOLOGY: 220

Note strengthening of Financial shares calendar week over calendar week together with approximately weakening of Technology stocks. In general, however, over the past times 4 weeks we've seen no important downtrends amidst the sectors. This reflects the underlying forcefulness of the marketplace rally, which has brought fresh bull peaks to advance/decline lines together with the novel high/new depression indicators. While we're seeing some near-term consolidation of recent gains, this has non led to meaningful distribution amidst the stocks comprising my basket.

I volition survive updating the style condition of my handbasket each twenty-four hours earlier the marketplace opened upwards via Twitter. Those tweets too update the Demand/Supply momentum mensurate together with 20-day novel highs/lows. To follow the Twitter stream costless of charge, y'all tin access the Twitter page.
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