One of the best ways to get color on leadership in the equity markets is to look at the 11 sector ETFs. With the S&P 500 testing the top of a clearly defined range, it seemed an opportune time to review these sector charts and compare them to the broader index.
The leadership of Consumer Discretionary, Financials, and Technology relative to other groups became very clear, as well as relative weakness in other areas.
You can read more on this sector approach and my takeaways over at stockcharts.com.
RR#6,
Dave
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