In NFTRH we have noted the consistent leadership of Technology (NDX) over the broad market (SPX) and the more recent leadership of the Healthcare sector. These trends are tracked in the Internal Indicators segment. Yesterday we noted GDX’s intact uptrend vs. SPY.
This week’s gold miner display is exciting and fun but while the bumps in the road are sure to come, the sector’s leadership to the leaders more traditional types are watching is a tell on who is actually firmly in market leadership mode. Yeah, it’ll be that poor guy pushing the cart above if these ratios make higher highs. As it stands, the miners have led the way out of the crash. It’s sort of a time compacted microcosm of Armageddon ’08.
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