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 earned the Chartered Market Technician designation (CMT) and is a member of the Market Technicians Association. More
- Why Energy Is Better Than Technology
- Top 10 Most Ridiculous Names For Japanese Candlesticks
- MOO is Looking Beefy These Days
- Energy Looks Intriguing On A Relative Basis
- The 10% & 20% Correction Levels Are Completely Irrelevant
- TIPS Are Greatly Appreciated
- Russia Fails At Former Support
- I love Big Bases And You Should Too
- The Trend Channel Everyone Is Watching
- Why Gold Is About To Rally 200 Points
Archive by Year