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

11/4/2006

Weekend Sector Scan

Near term, the Materials and Utilities (despite a rough day on Friday) still look pretty good, and the Energies continue to look strong coming off their lows. These are the only three of the nine sector SPDRs that are currently holding above their 20-day moving averages.

 

 

The rest of the sectors have all been slowing or softening to some degree, with the Staples (XLP) and Health Care (XLV) coming back all the way to the 50-day MA.

 

 

The numbers as the market pulls back:

 

Sector Symbol 8 Week % Chg. 4 Week % Chg. 1 Week % Chg. YTD % Chg.
Consumer Discretionary XLY +9.9 +2.0 -1.2 +12.1
Technology XLK +7.3 +1.5 -0.6 +8.3
Industrials XLI +5.4 -1.0 -1.0 +8.0
Financials XLF +4.9 -0.1 -1.0 +10.9
Energy XLE +4.9 +7.4 +0.8 +12.5
Basic Materials XLB +4.8 +4.1 -0.3 +9.9
Utilities XLU +3.6 +4.0 -0.5 +13.4
Health Care XLV +1.1 -0.6 -1.7 +4.3
Consumer Staples XLP -0.3 +0.8 -1.9 +9.4

 

Charts courtesy of StockCharts.com

Posted: 10:05 am