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.
For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.