vs. SPY, Daily Views

Various US stock market sectors vs. SPY/SPX (daily charts)

On April 12 we had a look at the longer-term weekly trends of various sectors relative to the broad SPY. Here are some closer-in daily views.

As before, it is the relative trend that is important (as opposed to normal TA) in determining a sector’s merit vs. the broad US market. What we see below is…

  • Existing or potential new relative uptrends: Financials, Energy, Industrials, Materials, Transports, Retail.
  • Potential bottom: Real Estate/REITs.
  • Abdicated or highly suspect leadership: Tech, Medical Device.
  • Down-trending: Healthcare, Utilities, Biotech.

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