Info!! Sector Update: A Hold Back Across 2 Timeframes

The calendar week ended with a bounce inward stocks in addition to a driblet inward unsmooth petroleum prices. Here's how the 8 S&P 500 sectors that I follow are faring inward Technical Strength (trending; a positive figure denotes uptrend in addition to a negative figure downtrend) in addition to inward the per centum of ingredient stocks trading higher upwards their 50-day moving averages (in parentheses).

MATERIALS: +100 (52%)
INDUSTRIAL: +160 (56%)
CONSUMER DISCRETIONARY: +320 (66%)
CONSUMER STAPLES: +200 (76%)
ENERGY: +220 (10%)
HEALTH CARE: +200 (88%)
FINANCIAL: -80 (45%)
TECHNOLOGY: +160 (64%)

Note that, for the Technical Strength ratings, I rails v highly weighted stocks per sector. The Technical Strength rating for each stock varies from a maximum of +100 (perfect uptrending) to -100 (perfect downtrending), with scores approximately nil suggesting a non-trending environment. We tin meet that fiscal issues are bringing upwards the rear, spell unloose energy shares select gained some traction since final week's summary. Overall, on the brusk fourth dimension frame, we're seeing forcefulness alongside the sectors, simply relatively few vigorous uptrends.

On the longer fourth dimension frame, equally reflected inward the per centum of stocks trading higher upwards their 50-day moving averages, nosotros tin meet that unloose energy shares rest weak, with the defensive wellness attention in addition to consumer staples issues displaying relative strength. This is the recessionary topic that, then far, seems to last dominating the inflation theme.
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