Sunday, June 27, 2010

Weekly Sector Update | 06/25/10

I have something wondrous to share with you:  Weekly Sector Charts with a twist!  I was up early this morning, and I had a thought noodling in my head. I was interested in what the short interest was for the various subsectors. I decided that I wanted to create (for you and me!) a sorted list on that.

For that I went to FINVIZ.  I calculated the number of short shares (% of float short x float).  I then multiplied that by the share price to come up with the market value of the float that was short.  The table that I prepared had % of market cap short and % of shares short.  I've a new/fast computer, and this process taxed the resources.  I've included the report within my sector report.  I hope that you will download the full report. You will not be sorry, and I guarantee that you will see some things that will surprise you!  It is in PDF, and it is very easy to read.  You can find it here.

Let's take a look at the Weekly Sector Graph. You do not have to adjust your screen.  The 24 sectors are all negative.  Only 5 of the subsectors were positive.  The broad market index was down 3.7%.  As usual, individual sector mileage varied, which is why I put these together.

[source:  data from StockCharts]

Now let's drill down and look at the subsector 10 best/worst performers.

[source:  The Wall Street Journal]