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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.

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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.

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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
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