Info!! Sector Update For September 14Th

Last week's sector update works life that the bulk of S&P sectors had flipped from little upward trending to little downward trending, equally stocks began a movement toward their July lows. We saw an expansion of stocks making fresh 20-day lows this by week, an indicator I update earlier each trading hateful solar daytime volatile cost activity inwards the fiscal stocks. Here's how we're shaking out inwards damage of Technical Strength (short-term trending) as well as the pct of stocks trading inwards a higher house their 50-day moving averages (in parentheses) equally of Friday's close:

MATERIALS: +320 (47%)
INDUSTRIAL: -60 (45%)
CONSUMER DISCRETIONARY: +380 (72%)
CONSUMER STAPLES: +400 (76%)
ENERGY: -200 (10%)
HEALTH CARE: -20 (60%)
FINANCIAL: +120 (62%)
TECHNOLOGY: -60 (19%)

What stands out is the line inwards the consumer sectors--not something you'd await if the marketplace position were telling us the economic scheme is going into deeper recession. We boot the bucket on to meet mixed surgical physical care for amid the sectors--more prove of that sector rotation--with notably stronger surgical physical care for amid materials shares. Financial stocks are surprisingly potent equally a sector, given the woes of LEH, AIG, as well as around regional banks. Influenza A virus subtype H5N1 aspect at the components of the sector finds that around stocks (such equally WFC) are quite strong; others (AIG) are quite weak. It appears that this marketplace position is sorting out the winners as well as the losers inwards the fiscal arena, creating considerable dubiousness inwards the wide market. The pregnant line inwards the consumer shares has me interested, as well as I volition move tracking that closely this week.
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