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Below is an updated look at our trading range table for the S&P 500 and its ten sectors. The black vertical neutral line (N) represents each sector's 50-day moving average, and as shown, the S&P 500 and five of ten sectors are now back above their 50-days. The Industrials sector stands out the most in the table, as it's the only sector that has moved into overbought territory over the last week. Energy, Technology, Materials, Telecom and Utilities have been the laggards.

With 2013 quickly approaching, below we highlight the current 2013 year-end S&P 500 price targets of Wall Street strategists. As shown, just one firm -- Wells Fargo (NYSE:WFC) -- has a 2013 year-end price target that is lower than where the S&P 500 is currently trading. Citigroup (NYSE:C), Bank of America (NYSE:BAC), Oppenheimer (NYSE:OPY), Bank of Montreal (NYSE:BMO) and Goldman Sachs (NYSE:GS) all have price targets of 1,575 or higher, which equates to a double digit percentage change in 2013. The average price target stands at 1,526, which would be a gain of 7.57% from here.

Source: Industrials Take The Lead