Monday Sector Strength
Disclaimer: All charts and comments are intended for education and discussion purposes only. No investment recommendations are being offered. Please do your own research and take responsibility for all investment decisions that you make. Questions and comments related to this post are encouraged. | MON - Sector Strength | TUE - Interest Rates | WED - Market Breadth | THU - Commodities & Currencies | FRI - Market Sentiment | SAT - Bullish Percents | About | contact: HeadlineCharts@gmail.com |
I had a request to show this chart again. So far it looks like the IBD confirmed rally is holding although it seemed in doubt early on Friday.
Gold, Energy, Materials, Industrials, Cyclicals, Utililities, and Emerging markets all breaking higher. These sectors are in secular uptrends. Its probably time to cautiously redeploy some cash back into these groups.
Today's market was encouraging. Prices broke out nicely, the new lows were subdued and the new highs showed some strength for the first time since last December.
I'd stick with the leaders in the market.
