Energy Sector Drives Market Higher

Nick Perry (Schaeffer's Investment Research) submits: This week we see a bounce back led by the Oil Service HOLDRS (OIH):

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Nearly two-thirds of my list showed a gain with energy-related funds at the top of the heap. The Oil Service HOLDRS (OIH), SPDR-Energy (XLE), iShares DJ U.S. Energy (IYE), and U.S. Oil Fund (USO) all gained more than 3%. Telecom, pharmaceuticals, and homebuilders followed energy higher.

A look to the bottom-half of the list shows that semis, biotech, and precious metals lagged while real estate was hardest hit. The iShares C&S Realty Majors (ICF), iShares DJ U.S. Real Estate (IYR), and Wilshire REIT Fund (RWR) all posted weekly losses near 6%.

Major indexes - weekly performance:

Major indexes - year to date performance:

Source: Google Finance

Comments

[MichaelBommarito]

Nick, I think you missed the upside for infrastructure, Latin America, Europe, and semis. Also, the DIG oil fund had another 2% over OIH. The Brazil MSCI did 5%, the S&P Latin America 40 did 4%, and many various SE Asia/Latin America CEFs closed in the top 20. SSG, the ProShares semiconductor fund ended the week up 3.5%, and small caps were in general also beaten pretty hard given that large caps were up nicely for the week. I have more data on weekly fund and sector performance in the ETF/CEF market here.