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The financial (XLF) and healthcare (XLV) sectors were the big winners this week, both adding to...

The financial (XLF) and healthcare (XLV) sectors were the big winners this week, both adding to their gains relative to the S&P YTD. Another YTD outperformer, tech (XLK) combined with energy (XLE) to be the weakest sectors this week as both Apple (post-iPhone 5) and oil (post-QE∞) can't shake their hangovers. The defensive utility area (XLU) - which had a big (and worrying to some) run from mid-Spring to mid-Summer - continues to lose ground to the broader market.
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Comments (3)
  • Drew Robertson
    , contributor
    Comments (330) | Send Message
     
    It's more instructive to look at the Xsectors in three groups of three Highs (B,F,E) Lows (U,P,V) and Mids (K,Y,I). You can tweak the groupings if you like but over time (weeks) they tend to move together. If you want to look at them over time go here. http://bit.ly/Tf1pBp
    6 Oct 2012, 07:17 PM Reply Like
  • Ricardo Espinosa
    , contributor
    Comments (459) | Send Message
     
    When market leaders become laggers, get some hedges. AAPL closing below its 50dma is not a good sign for overall market, dragging Nazzie with it.
    6 Oct 2012, 11:38 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (330) | Send Message
     
    The trouble with AAPL is not that it has glommed on to so much of the market's total market cap and thus wildly inflated cap-based averages like the S&P500 and N100. Rather it's that it has captured too much of investors' mindshare. The good thing is that when AAPL is finally deflated some of that market cap and most of that mindshare will have to go someplace else.
    7 Oct 2012, 08:14 AM Reply Like
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