(Sectors) vs. SPY

Here are some weekly charts showing the current trends in various US stock market sectors vs. the broad SPX/SPY. Remember, it’s the trends that are important here, not the patterns or other normal TA details. The trends, especially on the weekly time frame. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, … Continue reading (Sectors) vs. SPY

vs. SPY

This week on Sectors vs. SPY the relative trends say… Daily Financials, Energy and Materials are down. Industrials are breaking down and Technology continues its potential roll over. Weekly agrees that relative trends are down in Financials, Energy, Materials, and with this whipsaw move, Industrials are all down. The trend in H/C continues to look best unless Tech holds its robo-trend, which it is flirting … Continue reading vs. SPY

vs. SPY

This weekend I expect that the rudder of the NFTRH ship, the Market Internals segment, is going to be very busy. Among so many macro indicators we’ll also take a look at key US market internal signals and specific inter-market relationships. So to make NFTRH 521 less busy, let’s do these general ‘Sectors relative to SPY’ charts here on the public site today. In the … Continue reading vs. SPY

vs. SPY

Time for this week’s episode of (sectors) vs. SPY. Long-term yields are elevated and yet the Financials (and especially our friendly pigs, the Banks) are getting drubbed vs. the broad market. Leadership is firmly negative. Relative Energy is trying to establish a new intermediate trend, H/C is and has been THE leader since bottoming out in May. Industrials are sneaky constructive/bullish and yet their former … Continue reading vs. SPY

Sectors ‘vs. SPY’

Things are in motion and the USD and interest rates are playing their rolls in sector rotations, so why not get to our battling Spies a bit early this week? On a relative basis… Financials, Energy, Industrials and Materials are trending down on the daily chart. No coincidence that these either outright prefer rising long-term yields (XLF) or are variably biased toward them. Healthcare has … Continue reading Sectors ‘vs. SPY’

vs. SPY

This week our sector ‘comp’ charts spy the following trends… Financials/SPY has bounced but remains in a downtrend by the SMA 50. Energy/SPY meanders in a ‘go nowhere’ consolidation; Healthcare/SPY looks better and better by the week. Industrials and Materials are nowhere and Technology is as always… Financials especially, but also Materials and to a degree Industrials are pro-yields. I for one am cloudy on … Continue reading vs. SPY

vs. SPY

The daily relative trend views show the bearish Financials bouncing, Energy fading, H/C still firm, Industrials and Materials weak and Tech, as ever, leading. The weekly has everybody still bear trending vs. SPY/SPX. Everybody but… you guessed it. RE leadership has faded with the slightest bump in yields. Utes too. Transports: Attention distinguished and mature gentlemen in ascots and smoking jackets sipping cognac in well … Continue reading vs. SPY

vs. SPY

Daily and weekly views of various US sectors vs. SPY. The reminder is that this is not normal TA. It is just a way of gauging short and long-term sector trends relative to the broad US market. On the daily chart Financials are slipping, in line with the over played interest rate view, handily right at our long-term Continuum limiters (1st two charts of this … Continue reading vs. SPY

vs. SPY

As we breathlessly count down the minutes to NFP (my guess: +197k vs. expected +170k) let’s take a daily and weekly look at various sectors ‘vs. SPY’… The daily shows the Financials ratio in trouble as apparently everybody is chasing the bond market higher (yields lower), at least mentally. Energy is down trending, Industrials broke down and the consumer items are firmly down trending vs. … Continue reading vs. SPY