Nine Sector Grid Overview Shows Bullish Strength

Oct 4, 2017: 10:45 AM CST

As the market jumps to another new all-time high, let’s step inside the market to see money flow among the nine sectors.

It’s revealing a bullish picture as this grid helps us visualize what’s happening beneath the market.

Here we go!

We’re seeing our Nine Sector Grid with the AMEX Sector SPDRs in our Sector Rotation Style.

The top six ETFs are in the “bullish” or “offensive” group while the bottom three are “defensive.”

We use this logic to cross-check if money is moving toward Risk-ON or Risk-OFF activities.

Let’s just ask which sectors are outperforming the others – we just look at the hourly price trend:

Financials (XLF), Tech (XLK – except for today’s down-gap) , Discretionary (XLY), Industrials (XLI), Materials (XLB), and even Energy (XLE).

Our three “bearish” or Risk-OFF sectors are showing money flow OUT of these groups with the exception of Health Care (XLV).

Staples (XLP) and Utilities (XLU) are hitting new swing lows via intraday downtrends.

For the moment, the situation remains “Risk-ON” bullish or offensive in terms of money flow among sectors.

Continue watching this picture for any sudden changes in money flow across our sector grid.

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Corey Rosenbloom, CMT

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