Charting Live on CNBC Fast Money

Here’s the clip from CNBC Fast Money on Tuesday.

This is about half of the segment. Click here for the whole thing. We get going at the 7:10 mark.

Bottom line – we like S&Ps above 1600. And for the market to keep rocking, we need Tech, Energy, Industrials and Materials to not only participate, but lead in terms of relative strength. These 4 underperforming sectors represent 40% of the S&P500. If that doesn’t happen, then I think we’re probably in for some trouble. But the action over the past couple of weeks might be an indication that this rotation could just be getting started.
 
 
Source:

S&P Could See 1700 in 2013: Pro (CNBC)

Tags: $SPY $XLV $XLP $XLU $XLY $XLB $XLI $XLE $XLK


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