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Sector/AA

|Includes: SPDR S&P 500 Trust ETF (SPY), XLB, XLE, XLK, XLU

For the equity sector investment. the relative strength (NYSE:RS) of individual sector ETF again S&P 500 shows the following trend:

  • 200 Moving Average lines trend up: technology, consumer discretionary, industrial and material
  • trend down: health
  • side-walk : energy start to trend up recently after the trending down. Consumer staples, financial is still trending down.
  • Industrial/material/technology/energy/technology are still above 200MA
Interesting sector: energy/financial. Energy sector crosses up the 200MV RS vs. SPY recently and brings up the MV. financial sector start to cross up the MV.
Long sector: Industrial and materials are still up the MV and the MV is trending up
Cautious: technology and consumer discretionary. Both sectors were stars in 2010, and the market is expecting a correction or a move out of these sectors.