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Sector Winners and Losers week ending 3/12It was a wild week for the sectors as investors rotated in and out of Technology and Communications stocks. All sectors ended the week with gains. Consumer Discretionary (XLY) was the big winner. Large stimulus checks will be delivered soon that are expected to be poured into the economy via consumer spending on both needs and wants. Technology (XLK) and Communications (XLC) spent Monday at the bottom of the sector list, Tuesday at the top, Wednesday at the bottom, Thursday at the top, and Friday at the bottom. In the end, the two sectors landed just behind the SPX in performance, but did have gains for the day. Financials (XLF) was also one to watch. It flipped back and forth as investors followed closely what was happening in the bond markets. The increase in yields could be a boon for Financials. The increased yields would have the opposite impact on big technology and communications companies and smaller growth companies. As yields went back and forth, so did the performance of these sectors. Energy (XLE) ended the week as the worst sector. Although it had a big gain on Wednesday, it wasn't enough to cover the losses on Monday and Tuesday. Utilities (XLU) and Real Estate (XLRE) did not have any big days, but were on a steady rise throughout the week. They ended the week in 2nd and 3rd place on the list. The two sectors are often used as defensive plays.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 3/5If you kept your eyes only on big tech and growth stocks, you might have missed that many sectors had fairly good advances this week. The sector chart supports the thesis that there is an outsized rotation in progress that is presenting as a correction, but that there is still a level of support in the broader equities market. The top two sectors, Energy (XLE) and Financials (XLF), never dipped into negative territory even with Thursday's broad sell-off. The other cyclical Industrials (XLI) and Materials (XLB) also performed well for the week. Materials was leading for the week at the end of Tuesday, but backed off a bit later in the week. There was caution visible in the sectors as Utilities (XLU) and Consumer Staples (XLP) advanced. Investors moved from sectors that are more exposed to pressures from inflation and higher yields. Consumer Discretionary (XLY) and Technology (XLK) were the hardest hit among the sectors. Real Estate (XLRE) is also at the bottom of the list. At center stage is the bond market sell-off that is driving higher yields. Interest rates that are based on the yields will make borrowing costs higher. Add to that fears of higher inflation would bring interest rate adjustments earlier than initially expected. The higher interest rates benefit big banks that drive the Financials sector higher. But it depresses the net present value that was priced into high growth sectors like Technology.
SP:SPX
by drewby4321
4
Sector Winners and Losers week ending 2/26It's a good week to take a close look at the sectors and see how the market moved around during pullbacks in the major indexes. Energy (XLE) and Financials (XLF) were joined at the hip, finding themselves at the top of the sector list on Monday and Wednesday and at the bottom of the list on Friday. However the days spent at the top were enough to allow them to end the week in 1st and 2nd place. However, Energy was the only sector that could keep gains to end the week in the positive. Consumer Discretionary (XLY) and Technology (XLK) took a beating throughout the week as investors moved away from these sectors fearing the impact of inflation and higher interest rates. Utilities (XLU) is usually in play when investors are nervous. It showed up at the top of the list on Tuesday and Thursday, but ended the week at the bottom of the list. The cyclical stocks Industrials (XLI) and Materials (XLB) outperformed the SPX for a second week. Along with Energy and Financials, these cyclical sectors were top performers for the whole month of February.
SP:SPX
by drewby4321
6
Sector Winners and Losers week ending 2/19It was a week for the cyclical stocks. Energy (XLE), Financials (XLF), Materials (XLB), and Industrials (XLI) were the only sectors to close the week with gains. That was not the case for the entire week. Communication Services (XLC) started the week with gains but faded in the last two days. Utilities (XLU) had one day as the leading sector on Thursday, but moved back to the bottom of the list on Friday. Health Care (XLV) was the worst performing sector of the week.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 2/12Energy (XLE) led for a second week in a row as crude oil prices continue to rise and optimism for economic recovery to bring demand back to oil and gas as transportation, travel and leisure sectors bounce back. Technology (XLK) and Health (XLV) led for Thursday as Energy pulled back for a day. However, Energy bounced back up to the week's highs on Friday. Consumer Staples (XLP) and Consumer Discretionary (XLY) both lost for the week. Core CPI numbers showed lower than expected inflation and weighed down on the two sectors. Utilities (XLU) was the bottom sector for the week. There was not much interest in this defensive play for equities this week.
SP:SPX
by drewby4321
4
Sector Winners and Losers week ending 2/5Energy (XLE) was back on top for the first week of February. The sector benefited from higher than expected demand in oil that also raise crude oil prices throughout the week. Technology (XLK) started the week in the lead, having a strong Monday. The Consumer Discretionary (XLY) took the lead on Tuesday. Financials (XLF) briefly moved to the top spot on Thursday, but was soon passed by Energy again. Health Care (XLV) was at the bottom of the list for the week. Materials (XLB) was the worst performing sector on Thursday, but led the sectors on Friday.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 1/29Real Estate (XLRE) and Utilities (XLU) are the top sectors for the week. Ouch! None of the sectors ended the week with gains as the S&P 500 pulled back -3.31%. Utilities led as the market opened on Monday morning. Communications (XLC) took a very brief lead on Tuesday, but the Real Estate took the top spot. Consumer Staples (XLP) attempted to take the lead on Wednesday, but couldn't hold the lead and ended in third place. Energy (XLE) was the worst performing sector of the week. The chart clearly shows the wild ride for the sectors on the last three days of the week. Wednesday had all sectors losing for the day. On Thursday, all sectors advanced. On Friday all sectors declined again. The relatively smooth ride for Real Estate, Utilities and Consumer Staples represents their position as defense moves for investors. All three sectors represent parts of the economy that must continue, even if other parts are recovering slowly or even failing.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 1/22Communications (XLC) led the week with a big +5.44% gain, but only after a big pullback the week prior. The sector was led by Alphabet (GOOGL) and Facebook (FB) with +9.55% and +9.21% gains respectively. Those two companies make up 44% of the ETF. Netflix (NFLX) also had a huge gain of +13.49% but only represents 5% of the ETF. Technology (XLK) finished the week in second place, also with the mega-caps, Apple (AAPL) and Microsoft (MSFT) contributing the most to the gains. Financials (XLF) continued to underperform as more financial institutions reported earnings and disappointed investors. Energy (XLE) was the worst performing sector of the week. There is probably some influence from the new administration policies. However, the more immediate impact was from surprise surplus in oil supplies, signaling much lower demand for oil than anticipated. The only significant pivots during the week were on Wednesday, January 20th which was inauguration day. That day saw a spike in Communications, Technology and Real Estate (XLRE). The pivot for Communications and Technology were likely reinvestment into mega-caps that didn't seem to be in the crosshairs of any new policies, alleviating some fears of policies that would hurt big tech. The Real Estate pivot was driven by the additional assistance for renters proposed in the new stimulus package. The stimulus approved in December only covered the estimated amount of back rent owed, but the new stimulus package would extend rental assistance into the future.
SP:SPX
by drewby4321
Update on XLE: Potential continuation of the uptrendTaking a look back at XLE we can see that the ETF has returned to test the area of breach of the symmetrical triangle (or the current support of the descending trend line). Pick up in volume shows that the activity has risen and market participants are getting excited. A breach was made a classical follow-up test was made. Currently, we are sitting at the support and overall there was no attempt in Yesterday's market session to push below it. The dip was bought and XLE closed firmly with a fresh high for the day. Even though here RSI and MACD are laying out the perspectives for a deeper correction it may be "skipped". Recovery in energy assets may pull up the ETF away from the support for the uptrend to continue. My personal view is that trend will continue and XLE will rise, but it won't be wise not to forecast a negative scenario as well. The outlook will shift to negative if we see a strong push back inside the triangle. Fundamentals are still shaky with the COVID-19 pandemic still raging. This may raise the question of additional lockdowns or stopping global flights again, which will hit oil and energy prices overall.
AMEX:XLELong
by DailyChartist
1
Sector Winners and Losers week ending 1/15The sectors had a wild race this week with the backdrop of a up and down market with several rotations between small caps, mid caps and large caps. Energy (XLE) would ultimately be the winner, supported by production cuts in Saudi Arabia, higher than expected demand for oil, and some positive news from OPEC. There was a significant pullback on Friday after SEC announced an investigation into Exxon Mobile (XOM) which makes up 23% of the XLE ETF. Financials (XLF) led must of the week as investors expect higher treasury yields boost performance for big banks. That turned upside down on Friday when Citigroup (C) and Wells Fargo (WFC) disappointed on revenue despite beating expectations on earnings. It was Real Estate (XLRE) and Utilities (XLU) that started to climb on Tuesday and were top performers on Friday. Those two sectors are defensive plays for equity investors. Both are expected to suffer less from market pullbacks. Materials (XLB) and Industrials (XLI) were also doing well earlier in the week, but pulled back on Friday. It could be that the nearly $2 trillion of stimulus promised by President-elect Biden is seen as a delay to the expected investments in infrastructure. Just a theory. Technology (XLK) and Communications (XLC) were at the bottom. The big tech mega-caps went up and down in price all week as money moved in and out of the segment. Communications, which includes companies like Facebook (FB) and Twitter (TWTR) suffered the most as investors fear negative impact of recent actions related to Donald Trump.
SP:SPX
by drewby4321
5
Sector Winners and Losers week ending 1/8Energy (XLE) finds itself back at the top of the sector list for the first week of 2021. It's not something you might expect as the blue wave hit US politics, which doesn't bode well for traditional energy stocks. However, crude oil is over $50 a barrel for the first time since April after Saudi Arabia surprisingly cut output. The blue wave did have some expected impact this week. After the Georgia run-off results showed Democrats would take control of the senate, US Treasury Bond yields took off as investors expect more stimulus that would further impact the US Dollar. That caused Financials (XLF), especially big banks, to have big gains on Wednesday and Thursday. Materials (XLB) benefited from the blue wave news, as we can expect big investments in US infrastructure with the new administration. Industrials (XLI) also had a boost on Wednesday, with some benefit from infrastructure spend, but also several segments like airlines likely to benefit from further stimulus. However, Industrials did not continue the rise and ended the week behind the S&P 500. Consumer Discretionary (XLY) got a boost on Friday, perhaps from higher than expected Consumer credit numbers on top of the promise of new stimulus. Quite a few people had a good Christmas it seems. At the bottom of the list is Real Estate (XLRE) which is likely to suffer in the bottom line from the higher interest rates. Technology (XLK) had the opposite reaction to the blue wave on Wednesday but regained from losses on Thursday and Friday to end the week just behind Industrials. Also notable is Utilities (XLU) which lost for the week, but had gains on Friday as a defensive move heading into a likely emotion filled weekend for the United States.
SP:SPX
by drewby4321
Sector Winners and Losers for 1/5 and 1/6I normally publish this chart on weekly basis as part of my Week in Review work but I thought it was interesting to look at it today, in the context of the Georgia run-off election results. There is also the turmoil in DC, but that did not seem to impact the sector leaders list (the afternoon dip impacted all equally). Energy (XLE) is leading over the two days, although was in third place for Wednesday. This position is not related to politics, but rather that crude oil prices moved past $50 for the first time since February. A much smaller part of Energy is the solar stocks which will benefit greatly from a Democratic controlled congress and presidency. However, the solar stocks make up a small part of XLE and are not the reason for the sector performance. Materials (XLB) is the next sector on the list. Materials sector will benefit greatly from expected spend on infrastructure in the US. Financials (XLF) was the winner on Wednesday, as yields on treasury bonds rose, bringing higher interest rates that will benefit banks. Industrials (XLI) got a boost from both the outlook for infrastructure spend, but also the promise of more stimulus that would easily pass through congress and signed by the president. The sectors that did not fair well with the news included Communication Services (XLC) and Technology (XLK) which both include "big tech" names that are likely to take a hit from higher bond yields. Similarly Real Estate (XLRE) will incur higher costs due to the higher interest rates.
SP:SPX
by drewby4321
2
Sector Winners and Losers week ending 12/31Communications (XLC) and Consumer Discretionary (XLY) spent about half the week each at the top of the sector list. But it was Utilities (XLU) that would rise at the end of the week as the winner. No doubt a defensive play going into the long weekend and a turn of the clock to a new year. Energy (XLE) had a very short-lived time at that top on Monday morning, but ended the week as the worst performing sector. Energy was the only sector to end the week with a loss.
SP:SPX
by drewby4321
4
Sector Winners and Losers week ending 12/25The short trading week was not without its excitement. Financials (XLF) was the big winner of the week. The fed stress test last week resulted in banks being allowed to resume share buy bank programs, giving some tailwinds to the sector. Technology (XLK) took the lead on Tuesday, but fell back into second place at the open on Wednesday. All other sectors underperformed the S&P 500 for the week. Energy (XLE) was the leading sector for Wednesday's session but was the worst performing sector on the other days, coming in last for the week.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 12/18The sectors took on a character we have not seen for some time. Technology (XLK) is back to leading the sectors for this week. Helped by a number of breakouts in technology growth stocks, some of those fueled by speculation in security stocks following a wide and troublesome security breach that impacted both the government and private sector. Consumer Discretionary (XLY) came in second, after very briefly passing Technology on Wednesday morning. Retail Sales data and Santa Claus are likely the reasons for the great performance. Materials (XLB) also performed well on Building Permits and New Housing Starts data that came in better than expected. The big loser for the week was Energy (XLE). This is after five weeks of leading the sector list. Despite vaccine availability and positive oil prices giving it a boost midweek, the nervous sentiment caused by new lockdowns worldwide have put downward price pressure on the sector.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 12/11Despite starting the week in last place, Energy (XLE) rose to the top of the sector list starting from Tuesday as the first vaccine doses were made available in the UK. That positive vaccine news boosted the sector that is likely to benefit from the increased activity in travel and leisure sectors. Communications (XLC) led at the beginning of the week, but could not keep up with Energy and finished the week in second. Utilities (XLU) also had moments of leadership on Monday and Tuesday. The sector is a defensive play in equities and an alternative to moving money into other safe havens such as bonds. Real Estate (XLRE) was the worst performing sector for the week. Technology (XLK) that heavily impacts market performance, underperformed the S&P 500 this week.
SP:SPX
by drewby4321
3
Sector Winners and Losers week ending 12/4Energy ( XLE ) is now in its fourth week of leading the sectors list. It didn't look that way at the beginning of the week when it sold off off sharply amongst disagreements between OPEC members on future oil production. It rose back to the lead as those talks began getting better on Wednesday and OPEC finally had agreement on Friday. Technology ( XLK ) and Health Services ( XLV ) nearly tied for second. They shared the lead on Tuesday. Health Services had a huge boost after the UK announced approval of the Pfizer vaccine. Both Health Services and Technology didn't move much after the progress on Tuesday, but it was enough to keep them in position for a solid tie 2nd place ending. Communications ( XLC ) led for two days, before being overtaken by the top three and ending the week in fourth place. Utilities ( XLU ) was the loser of the week. The defensive play wasn't needed by investors who seemed optimistic about vaccines, stimulus talks and oil agreements. That was enough optimism to ignore the unemployment data signaling trouble for the economy.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 11/27Energy (XLE) put in a third week of huge gains and topped the other sectors. The sector is up over 40% in the last three weeks. It did pull back a bit on Wed and Fri. Financials (XLF) also sticks out as a winner for the week, far above the rest of the sectors. The worst performing sectors were Real Estate (XLRE) and Utilities (XLU). Utilities briefly emerged as a leader for Wednesday afternoon as investors parked money in the safe haven sector for the holiday. Technology (XLK) underperformed the index for a third week.
SP:SPX
by drewby4321
Above the big resistance dating back Dec 2007!I find AMEX:FEZ has been fairly accurate with the cycle analysis. You can see this tracing back on the chart over weeks and it sits almost perfectly with each dip (i've marked major ones in a yellow circle on the cycle). Feeling very good about FEZ also because the ETF crossed a major resistance which was the Big Red Line. Big Red line: Dec 07 all time high. Re-tested this move during Feb 18, Feb 2020 before the big Covid dip Next resistance: Green dotted line: This tests the highs set on Apr 19, Jun 19, and Jan 2020. I strongly believe FEZ will retest this line close to Feb-Apr 2021 based on cycle analysis. Price Target: $44.78 IF FEZ crosses the Green dotted line, the next resistance is: Blue dotted line: Traces the Highs tested Dec 09, Apr 11, Jun 14. Realistically I don't think we will see that price until 2021 second half. Price target: $47 Please share your thoughts and hit the like button for support.
AMEX:FEZLong
by Karam08