logo
  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 -Abercrombie & Fitch Co. (ANF) Q2 Earnings Preview: The Unkind Quarter]

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.

[Related -Workday Inc. (WDAY) Q2 Earnings Preview: Built In Surprise]

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

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
iOnTheMarket Premium
Advertisement

Advertisement


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

rss feed

Latest Stories

article imageQihoo 360 Technology Co Ltd. (QIHU) Q2 Earnings Preview: A Green Monday

Qihoo 360 Technology Co Ltd. (NYSE:QIHU) will report its second quarter 2014 financial results on Monday, read on...

article imageSix Stocks that Could Outperform in the next 90 days

Earlier today, Goldman Sachs put out its list of the 50 stocks that Matter Most. It’s a list of the 50 read on...

article imageFoot Locker, Inc. (FL) Q2 Earnings Preview: Running Past the Street View

Foot Locker, Inc. (NYSE:FL) plans to report financial results for its second quarter ended August 2, 2014 read on...

article imageRoss Stores, Inc. (ROST) Q2 Earnings Preview: Could Be Better Than Expected

Ross Stores, Inc. (NASDAQ:ROST) will announce its second quarter 2014 earnings results on Thursday, August read on...

Advertisement
Popular Articles

Advertisement
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.