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