On Break

11/16/2008

BMB On Break

It’s time again for a little BMB R&R, especially with the market behaving as bizarrely as it’s been. Maybe if we stop watching it start to behave a little better…

Posting will be very light and variable over the course of this week, but we’ll put up an open thread each market day for our readers to comment on the day’s market activity or to post any interesting links they might run across.

Check the space below for whatever the latest might be during this ‘off’ time, and please visit the various sites in the ‘Links’ and ‘Regular Stops’ for up-to-date market news and analysis.

BMB will be back in full swing by next weekend.

Posted: 1:00 pm

9/9/2006

Weekend Sector Scan

XLK chart Tech stocks, thanks to a strong run up off the July lows, now hold the top spot. But the XLK has just regained the 200-day moving average, and may be struggling to stay there. And the techies are still the worst performers YTD.
XLV chart Health care stocks are hanging on to their second spot.
XLP chart The consumer staples, along with the utilities, now lead the sectors in YTD performance. That tells us quite a bit about the defensive nature of the market.
XLY chart Consumer discretionary stocks were the only ones to finish in the green this week. Isn’t the consumer dead yet?
XLE chart The XLE has now broken down as the big oils have joined the ugly party. Energy stocks remain very avoidable at this point.

 

The numbers after a somewhat shaky week:

 

Sector Symbol 8 Week % Chg. 4 Week % Chg. 1 Week % Chg. YTD % Chg.
Technology XLK +10.4 +7.0 -0.9 +0.9
Health Care XLV +9.2 +3.7 -0.8 +3.2
Consumer Staples XLP +6.4 +2.8 -0.5 +9.7
Consumer Discretionary XLY +6.1 +3.9 +0.3 +2.0
Financials XLF +5.8 +2.6 -0.2 +5.7
Utilities XLU +5.2 +1.4 -1.3 +9.4
Basic Materials XLB +3.2 +3.2 -1.4 +4.9
Industrials XLI +0.6 +3.1 -0.7 +2.5
Energy XLE -6.7 -7.2 -4.5 +7.2

 

Charts courtesy of StockCharts.com

Posted: 11:37 am