The market showed no signs of fatigue last week. The broad market index was up 3.57% with a sweep of sectors positive across the board. Below is the Weekly Sector profile compared to the broad market index (in blue). (
Click to make larger).
Note that the more defensive sectors, healthcare, food/beverage, utilities, are lagging.
Here's a chart of the broad market index
(Click to make larger)
Prices are very extended and caution is warranted for longs. Prices are approaching a heavy volume@ price bar (which I have extended and placed in a dotted outline). It will be interesting to see how volume/price action react at these levels over the next few weeks.
To facilitate your personal study of the the sectors, I've created a
downloadable PDF which contains detail sector information, summary sector information, and chart books for the summary sectors in both weekly and daily format. It is a large file, so be patient with the download.
