Weekly Wrap Up With Dr. Phil

Bull Market

Sectors are rotating….and I still think that’s what’s necessary:

Here are some of the charts we discussed. S&P500 levels:

5-10-13 spx

Look at what the Dollar index did the last 2 days. This is a 30-minute chart of US Dollar Index Futures:

5-10-13 dx 30 min

This is what the Long Europe/Short Latin America pair looks like right now:

5-10-13 fez vs ilf

And finally the sector rotation that we keep harping on. Notice the shift in mid-April when the underperformers turned higher and the leaders rolled over. These are year-to-date numbers relative to S&Ps:

5-10-13 sector rotation