Which specific sectors fared the best and worst for the month of April? Let’s take a look both at Absolute Sector returns and Relative Sector returns for the month of April 2009. First, Absolute Returns for the 9 major sectors (and the S&P 500): The S&P gained just over 8% for April – a relatively…
Earlier, I mentioned the AMEX Major Sector Returns (performance) from the start of 2009, but now let’s focus specifically on sector returns (rotation) off the March 6th lows to get a more recent picture. We see a very similar picture as the 2009 returns to date, with strength coming from the “offensive” or “risk-seeking” sectors…
January did not get 2009 off to a great start. Let’s break down the S&P 500’s 10% loss by sector and see what clues the Sector Rotation performance in January might be offering us. Sector Rotation (AMEX Sectors) absolute performance in January: We’re seeing a negative picture across the board – not one major Sector…
There are two main ways I view broad sector performance and compare results to determine where we may be according to the Sector Rotation Model. Here, I show those two methods. First, I use the StockCharts.com AMEX Sector Performance page with a few modifications. It’s located on the StockCharts homepage under the PerfCharts tab on…
What have your favorite sectors returned so far? Let’s take a look at Sector SPDR performance both for the month of June so far and the year 2008 so far. For the month of June: The Financial sector returned the worst performance for June, dropping almost 13% so far. The only sector to post a…
Let’s take a look at the recent sector money flow performance to see if we can glean any clues for the broader market, especially regarding risk-seeking or risk-avoiding behavior by larger funds. The 10 day rotation has taken money into the areas traditionally known as ‘defensive’ sectors, including Health Care, Consumer Staples, and Utilities. Energy…
Perhaps unexpectedly, the market gave us a powerful trend day up today. Let’s look at it and see where it leaves us in the broader picture: I’m showing the S&P 500 ETF (SPY) here for a proxy of the intraday action. Markets usually start a trend day by gapping, but this trend day snook up…