Monday Sector Strength
All charts and comments intended for education and discussion purposes only. No investment recommendations are being offered. Comments below related to this post are encouraged. | MON - Sector Strength | TUE - Interest Rates | WED - Market Sentiment | THU - Commodities & Currencies | FRI - Market Breadth | SAT - Bullish Percents | About |
The relative strength chart below of the major equity indexes appears to reflect lower oil and higher rates. The Transports are probably outperforming due to the low oil prices, and the Utilities and Small Caps are probably underperforming at least partly due to the higher rates.
The relative strength chart below of the AMEX SPDR sectors shows strength in consumer discretionary, materials and health care. The lower gas prices are helping retail, and health care reflects rotation into an undervalued and relatively safe area of the market. The strength in materials is a little surprising. Last week technology appeared to be the new leader but has quickly fallen out of favor again.
Some notes on the major equtiy indexes and industries below.
