The First Two Months of 2013
- Posted by JC Parets
- on February 28th, 2013
My, my, how time flies!
Doesn’t it feel like just yesterday we were starting out the year with the Dow up 300 points?
Anyway, I think now is probably as good a time as any to reflect on what we’ve seen over the last couple of months. Here is a performance chart showing how each of the S&P sectors have done so far this year relative to the S&P500. It’s a good way for us to see where the strength is coming from as we approach these all-time highs in the Dow Jones Industrial Average and S&P500.
The best two sectors for 2013 have been Consumer Staples and Healthcare!
The worst areas so far this year are easily Technology and Materials – funny how much they stand out in this chart with their fluorescent coloring.
I think this is probably something we should pay attention to. If the market averages want to keep ripping, some of the more cyclical areas better start participating. This defensive leadership is not what we want to see.
And here’s same chart showing just the past month. The leaders were Staples and Utilities. Materials and Consumer Cyclicals were the worst:
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.blog comments powered by Disqus
J.C. Parets is the Founder & President of Eagle Bay Capital, LLC. He is a 10-year veteran and Market Technician who actively manages money incorporating Technical Analysis and Behavioral Finance into his practice. JC’s work has been featured regularly on CNBC, Fox Business, Bloomberg, Business News Network, Wall Street Journal and Yahoo Finance among many other financial media outlets. More...
- Turkey Is Ready To Get Cooked
- A Look At Coffee From The Top/Down
- It’s The Yen, Stupid!
- Here’s Why Energy Will Outperform Going Forward
- The Problem Now Is The Overhead Supply
- This Bullish Base In Cotton Is Almost Complete
- Is This Why The S&P500 Stopped Going Up?
- How Low Is Apple Going To Go?
- The Dow Jones Industrial Average And Its 200 Day Moving Average
- It’s Almost Time To Buy Crude Oil Again
Archive by Year