Comments on: S&P 500 Sector Analysis (Charts) https://rightsideofthechart.com/sp-500-sector-analysis-charts/ Stock Trading, Investing & Market Analysis Mon, 04 Oct 2021 18:59:27 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: timboz https://rightsideofthechart.com/sp-500-sector-analysis-charts/#comment-17028 Wed, 29 Apr 2020 12:10:07 +0000 https://rightsideofthechart.com/?p=199623#comment-17028 @rsotc looking long-term – doesn’t XLV (healthcare) have a giant divergence on the weekly? okay, I suppose all the sectors do but XLV looks really bearish to me considering it is only 5% or so from the highs

]]> By: lalitb2288 https://rightsideofthechart.com/sp-500-sector-analysis-charts/#comment-16997 Tue, 28 Apr 2020 18:30:43 +0000 https://rightsideofthechart.com/?p=199623#comment-16997 @rsotc – Hey Randy, so I noticed that all sectors except XLK, XLV and XLC are trending higher today. Is that indicative of smart money moving out of the mega-cap stocks into small/mid-cap stocks (more bang for your buck) since they were beat up the most? This makes me think that we are now in a bull trend (long term) and portfolio diversification is taking place. Any comments? Thanks!

]]> By: mexpolk https://rightsideofthechart.com/sp-500-sector-analysis-charts/#comment-16987 Tue, 28 Apr 2020 15:54:46 +0000 https://rightsideofthechart.com/?p=199623#comment-16987 Nice charts Randy! I’m also interested to hear your thoughts on Coffee (and Sugar). Thanks

]]> By: Mahalo https://rightsideofthechart.com/sp-500-sector-analysis-charts/#comment-16986 Tue, 28 Apr 2020 15:44:53 +0000 https://rightsideofthechart.com/?p=199623#comment-16986 In reply to rsotc.

DBA made a move up to the top of the down trend channel too.

]]> By: rsotc https://rightsideofthechart.com/sp-500-sector-analysis-charts/#comment-16982 Tue, 28 Apr 2020 15:27:00 +0000 https://rightsideofthechart.com/?p=199623#comment-16982 In reply to Stargazer.

Will do. Thanks for the heads up.

]]> By: rsotc https://rightsideofthechart.com/sp-500-sector-analysis-charts/#comment-16981 Tue, 28 Apr 2020 15:26:12 +0000 https://rightsideofthechart.com/?p=199623#comment-16981 In reply to wunnakoko.

I like to say that one day does not make a trend so best not to take too much from that but yesterday, I noticed a quite unusual occurrence where the vast majority of the stocks within both the SPX & NDX were trading green while all 5 market-leading FAAMG stocks were trading red, or at least the point at which I checked the holdings of both. That would be indicative of institutional distribution: selling what they hold the most of into strength (a broad-based rally). But again, one day does not make a trend & even more importantly, we have all 5 FAAMGs reporting this week so we’ll have to assess the charts after their earnings are out of the way.

]]> By: CR128697 https://rightsideofthechart.com/sp-500-sector-analysis-charts/#comment-16978 Tue, 28 Apr 2020 14:56:09 +0000 https://rightsideofthechart.com/?p=199623#comment-16978 I don’t understand the mechanics of the market. It all seems like tail wagging the dog. The market may be the sum of the parts but it more often than not is backfilled isn’t it? As example, last night Futures are up,SPY before market is in tandem, and then at the Open the market took the sum of SPX and decided to go dumpster diving into financials,energy,etc to distribute and justify a irrationally exuberant SPX/SPY.

]]> By: DeltaEcho https://rightsideofthechart.com/sp-500-sector-analysis-charts/#comment-16977 Tue, 28 Apr 2020 14:49:13 +0000 https://rightsideofthechart.com/?p=199623#comment-16977 @rsotc Thanks Randy. I was looking at this same sector weighting issue for a while and how it has skewed the valuations for the indices. Inordinately strong positive correlations. Posted some supplemental analysis with additional correlation divergences building.

]]> By: Stargazer https://rightsideofthechart.com/sp-500-sector-analysis-charts/#comment-16976 Tue, 28 Apr 2020 14:45:03 +0000 https://rightsideofthechart.com/?p=199623#comment-16976 you may want to peek at coffee we could be in for another buy there soon …

]]> By: czekboi https://rightsideofthechart.com/sp-500-sector-analysis-charts/#comment-16974 Tue, 28 Apr 2020 14:36:25 +0000 https://rightsideofthechart.com/?p=199623#comment-16974 In reply to bransth.

Agreed

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