In this video we’re taking a moment to assess the sectors for leadership and to determine where the underlying sentiment is for each sector. We will not be looking into the stocks of those sectors in this video; however, there will be many videos where we digest various elements of the markets to understand complexion.
NOTE: My video was covering a key area on the right hand side. I will make the adjustments to avoid this mistake moving forward.
In this video we will be looking at XRT, XLY, XLV, XLU, XLP, XLK, XLI, XLF, XLE, XLC, XLB, and XHB.
We will also be looking at these sectors to determine where and how they’re positioned against the 50 day and 200 day moving averages. In a later video, after this one, we will look at the Futures again as well. Not sure if that video will be a live stream or an upload.
What we do know is the Energy and Utilities sectors have been the most aggressive and strongest since the beginning of the year; however, utilities really didn’t come around until about March.
And with the government touting how the U.S. Economy is so strong and the housing market is not a bubble – I wonder if they can explain the reduction in home mortgages and the fact the homebuilders sector is at the lows and the weakest of the sectors.