This week on ‘vs. SPY‘…
The relative daily trends in Financials, Energy and Materials are down. H/C is up and Industrials are still posturing to be interesting. I wish I’d reviewed this and at least considered it before buying some QQQ on yesterday’s test of its SMA 50. This shows still waffling leadership.
Financials, Energy, Materials and to a degree Industrials are still no good on the weekly chart. H/C is still leading within its longer-term downtrend and here we have the picture of consistency AKA Tech still leading.
Daily REITs and Biotech are fading, Utes, Transports and Retail look okay and there as always it seems, is Medical Device in leadership mode.
Weekly REITs are not so good, Utes are not great either, Tranny is sideways Biotech holds a downtrend, Medical Device… ha ha ha, and Retail could be working on a trend change.
Tune in next week for another episode of vs. SPY!
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