Thursday, June 19, 2008

Daily Sector Sort

Sector/Subsector Day YTD (-1 day)



Airlines 9.72% -38.49%
Platinum & Precious Metals 5.16% 16.36%
Trucking 4.68% 15.60%
Recreational Services 4.12% -23.71%
Full Line Insurance 3.82% -41.28%
Transportation Services 3.22% 30.15%
Consumer Electronics 3.09% -51.27%
Railroads 2.93% 27.36%
Durable Household Products 2.62% -15.31%
Apparel Retailers 2.62% -4.42%
Home Construction 2.59% -8.62%
Marine Transportation 2.53% 1.18%
Semiconductors 2.48% -10.76%
Toys 2.22% 0.89%
Insurance Brokers 2.20% -2.79%
Furnishings 2.18% -20.19%
Business Training & Employment Agencies 1.96% -8.40%
Specialty Retailers 1.94% -8.31%
Iron & Steel 1.92% 29.16%
Home Improvement Retailers 1.92% 0.25%
Biotechnology 1.90% 3.64%
Tires 1.90% -28.48%
Real Estate Investment Trusts 1.88% -2.21%
Medical Supplies 1.75% -3.90%
Industrial Suppliers 1.71% 6.05%
Asset Managers 1.65% -13.45%
Electronic Office Equipment 1.64% -11.58%
Industrial Machinery 1.60% 1.96%
Hotels 1.59% -13.13%
Specialized Consumer Services 1.57% -11.14%
Software 1.55% -11.57%
Life Insurance 1.39% -12.37%
Automobiles 1.38% -21.88%
Real Estate Holding & Development 1.36% -6.29%
Electronic Equipment 1.31% -0.92%
Food Retailers & Wholesalers 1.30% -11.15%
Financial Administration 1.26% -7.78%
Pharmaceuticals 1.19% -15.87%
Delivery Services 1.15% -6.15%
Electrical Components & Equipment 1.10% -4.06%
Business Support Services 1.05% -0.57%
Specialty Finance 0.99% -14.50%
Aerospace 0.97% -15.54%
Building Materials & Fixtures 0.96% -7.40%
Recreational Products 0.95% -30.84%
Restaurants & bars 0.94% -3.28%
Computer Hardware 0.90% -8.74%
Broadline Retailers 0.90% 7.30%
Computer Services 0.87% 11.11%
Investment Services 0.80% -29.31%
Soft Drinks 0.77% -14.75%
Telecommunications Equipment 0.77% -4.32%
Electricity 0.72% -3.72%
Auto Parts 0.72% -9.65%
Drug Retailers 0.69% -4.44%
Media Agencies 0.64% -4.07%
Containers & Packaging 0.63% -6.72%
Tobacco 0.62% -7.85%
Medical Equipment 0.59% -1.28%
Personal Products 0.59% -7.78%
Publishing 0.41% -15.21%
Paper 0.37% -23.64%
Fixed Line Telecommunications 0.35% -15.43%
Commercial Vehicles & Trucks 0.31% -1.77%
Gold Mining 0.24% -5.03%
Commodity Chemicals 0.24% 5.09%
Gambling 0.14% -31.97%
Heavy Construction 0.08% 7.30%
Waste & Disposal Services 0.07% 11.07%
Food Producers 0.07% -5.84%
Footwear 0.06% -1.09%
Broadcasting & Entertainment 0.04% -4.96%
Banks 0.04% -26.41%
Aluminum -0.06% 5.89%
Mobile Telecommunications -0.06% -24.70%
Travel & Tourism -0.08% -18.31%
Mortgage Finance -0.10% -36.32%
Nondurable Household Products -0.10% -12.21%
Distillers & Vintners -0.14% -3.16%
Clothing & Accessories -0.18% 2.42%
Reinsurance -0.19% -14.91%
Consumer Finance -0.24% -5.43%
Property & Casualty Insurance -0.25% -10.63%
Gas Distribution -0.28% 10.03%
Diversified Industrials -0.31% -17.79%
Internet -0.34% -14.85%
Water -0.35% -20.00%
Defense -0.63% -5.34%
Forestry -0.76% -24.88%
Nonferrous Metals -0.78% 11.02%
Multiutilities -0.88% -3.82%
Oil Equipment & Services -0.89% 17.49%
Pipelines -0.93% 14.14%
Brewers -1.00% 16.45%
Specialty Chemicals -1.41% 16.93%
Integrated Oil & Gas -2.33% -0.53%
Exploration & Production -2.85% 26.09%
Coal -3.19% 72.21%
Health Care Providers -3.28% -28.71%

Total number of sectors with data 99 99



Total number of gainers 73 26
Average gain (simple, not weighted) 1.54% 14.12%
Total number of losers 26 73
Average loss (simple, not weighted) -0.83% -13.19%

4 comments:

nice said...

Airlines advanced today more than the market will probably 'net' over the next several years... that was 'nice'

When the media begins talking about bankruptcies in a beaten down sector - one can be rest assured a short term move up is the most likely outcome.

A lot of talk lately about the dreaded Hindenburg Omen...

Question:
How often does an 'Omen' appear -- and then the event presaged by the omen immediately happen?

Answer: Never - but people run out and short none the less.

Sounds like another short-term reason to buy.

Also IMO Hindenburg Omens and such that measure lows and highs -- are useless in a trading range/split type of market...

As a wise man (2nd Ave) posted:

"the simultaneous occurrence of (substantial numbers of) new highs and new lows is just the playing out of normal relationships under a high oil price/stagflation scenario"

I concur:
Essentially 1/2 the market is going down and - another 1/2 of the market is going up

---> a bear and bull market happening at the same time.

What is 'ominous' are the missed profits by those sitting on the sidelines missing out on the 1/2 of the market that is performing well.

Of course this can't go on forever - at some point - a correction will 'take it all down'

But until then... opportunities abound...

nice

Anonymous said...

nice- a bear/bull scenario-> well put...and thanks for your comments...

let me paste another comment (which begins with a post from 'QT') for your opinion:

"China's Shanghai Composite tumbled 6.5% overnight and has now fallen 11 of the past 12 trading days. With the index now down more than 50% from its all-time high in October, it's clear the conventional wisdom about China "holding up" the market before the Olympics was wrong -- as it often is."

QT- thanks for the info...

as you know, i tend to eschew conventional wisdom when trading...however, that china WANTS its market up before the Olympics is not 'conventional wisdom,' it's 100% certain...how could they NOT want their market up? so i still think they find a way to do it-> the path they take may indeed be UNconventional...look at how they've played their cards so far-> they raise reserve requirements near the low of the year and take it DOWN...just when it looks like it's falling apart, they raise fuel prices 17% and start to send crude down, which may in turn finally lift the index...i would have to give them high marks for playing (if indeed they are playing)...

Posted by: 2nd_ave [TypeKey Profile Page] at June 19, 2008 8:13 PM

what's your take- despite a 50% drop from the high and capitulation on the part of chinese investors, do you think beijing in fact is in complete control and playing its cards as planned?

2nd

Leisa said...

Money rotates through sectors/asset classes. So finding the new sector leadership and themes I think makes sense. But the "trick" (I think) is to watch the money and sector performance. If one is listening to the media, you are getting an old story sold to you.

McHugh touted the Hindenburg Omen so many times in the last "bear-failing-to materialize" market, that I no longer consider it an omen, but rather an ominous phrase.

Watch the money. Watch the tape.

nice said...

2nd

On Shanghai...

CAF looks interesting - near support off March Low - also near trendline support running back to
'06 - near Fib levels - and all that yada yada technical stuff...

The Chinese Authorities announced more measures again tonight:
"plans to delay approving new IPOs and encourage domestic investors to buy equities in a move to support local markets - FT "

So they are sending the right signals - and I wouldn't bet against them - and would rather bet with them.

Startfor a while back said that they were seeing signs that the Chinese Authorities were beginning to 'lose their grip' a bit...

Also the media has been focused on the fact that there might be negative press - about Tibet, human rights etc... during the olympics...

But I think the market has already discounted all this...

Through the grapevine I hear that various money managers are 'taking risk' off the table - lowering their asset allocation to emerging markets having been long it so many years as the USD fell... -- many are expecting another kind of stock market 'crash' or sell off again this year...

But this shouldn't affect Shanghai since it is 'local money'

If CAF does move up - I won't be holding it too long though - as if the market is up during Jul/August and the Olympics - I expect the markets will probably weaken again Sep...

nice..