A quick daily and weekly update of some US sectors vs. SPY.
The daily view shows Financials still above the moving averages and so not in trouble. Energy is easing to test its SMA 50 breakout vs. SPY. In NFTRH 469 we noted that Healthcare “needs to reverse its downtrend right now”, and that is what it is doing so far. Industrials, Materials and Tech are easing a bit in relation to SPY but not in any real trouble yet.
The weekly continues to show most items fine vs. SPY, with Healthcare barely maintaining its 2017 uptrend. Energy is still the ugly duck, but as noted in #469 the daily will decide whether the still bear trending weekly view reverses course or not.
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