Sector and Stock Performance During the Pullback [View article]
This is interesting, directional data, but I believe each sector peaked at different times (as there has been quite a bit of sector rotation), so picking May 8th as the reversal data for all sectors is somewhat misleading. I suppose another methodology is to look at each sectors' own "peak date" and re-run the % gain / % drop chart.
For example, Health Care and Energy were catch up sectors that peaked later than March 8th, so the gain should be more, and drop should be more. Not sure where the relative position on the grid though.
Sector and Stock Performance During the Pullback [View article]
For example, Health Care and Energy were catch up sectors that peaked later than March 8th, so the gain should be more, and drop should be more. Not sure where the relative position on the grid though.