Join        Login             Stock Quote

Sector Performance Review: The S&P 500 Takes Charge

 December 18, 2012 03:15 PM

(By Rich Bieglmeier) You would think a strong start to the week would help push borderline sectors over the line from borderline buy to buy, right? Surprisingly, the number of industries in our bullish columns shrank. Fortunately, so did the number of industries that fill out the bear lists.

The good news is that many sectors with upward momentum appear to be pausing before their next pop. If news of a pending fiscal cliff agreement is accurate, iStock would expect Wall Street to react positively, and potentially knock out a right angle triangle buy signals for the NASDAQ, Dow, and S&P 500.

Of the nine industries that made this week's emerging and mature bull lists, we like the look of Financials and Restaurants and Bars the most. Both are at the initial stages of crossing from under to over performance. Sometimes, the move fails, and that's the risk of jumping in early; however, catching the wave at the start can lead to the nicest gains.

[Related -Oversold Airline Ready For A Quick Rebound]

While small and mid-cap stock didn't make our list, investors might still consider focusing their attention on the two. Large cap managed to make the mature bear list and small/mid-cap stocks have the pause appearance we mentioned in paragraph number two.

We would expect to see more sectors make our buy list next week. Until then, owning an S&P 500 exchange-traded-fund such as SPDR S&P 500 (SPY) is the low stress way to go right now. If you prefer equities, check back with us a little later today as we will highlight one of our favorite stocks from the emerging bull lists.

EMERGING BULL: Industries with positive technical analysis traits that are in the early stages, indicating possible above average returns in the near-term:

  • Business Training
  • Telecom Equipment
  • Marine Transportation
  • Real Estate
  • Restaurants & Bars
  • Financials
  • Tires

[Related -What Is Your Sell Criteria?]

MATURE BULL: Industries that have outperformed and their charts suggest the above average returns could continue:

  • Asset Managers
  • Construction & Materials

MATURE BEAR: Industries that have underperformed and, based on their current chart patterns, could continue to lag:

  • Fixed Telecom
  • Telecom
  • Large Cap

EMERGING BEAR: Industries that have fresh negative technical analysis set ups and could have sub-par performance in the weeks ahead:

  • Broadcasting


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageOversold Airline Ready For A Quick Rebound

Trading countertrend moves can be profitable but risky, so it pays to line up as many factors as possible read on...

article imageWhat Is Your Sell Criteria?

Every stock market cycle has its darlings—the stocks investors believe can do no wrong.  I remember 1999 read on...

article imageUS Employment Growth Continued To Slow In April

Company payrolls increased by a lower-than-expected 171,000 last month, the US Labor Department reports–the read on...

article imageMake America Great Again

Our weekly commentaries provide Euro Pacific Capital's latest thinking on developments in the global read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.