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Utilities Lead on Equal-Weight Sector PerfChart

The Equal-weight Utilities ETF (RYU) is the best performing sector year-to-date with an 8% gain. The Equal-Weight Consumer Discretionary ETF (RCD) is the only sector in the red with a 2.23% loss. Absolute weakness in RCD and relative weakness in the Equal-weight Industrials ETF (RGI) are the main reason the Equal-Weight S&P 500 ETF (RSP) sports only a 1.91% gain. Notice that the Equal-weight Technology ETF (RYT) is the third strongest sector overall and strength in the technology sector is countering weakness in the consumer discretionary sector.

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US Steel Tops the List of SCTR Movers

US Steel (X) is getting a bounce off support on the price chart and its SCTR is breaking above 50 with a big move. This list below shows eleven S&P 500 stocks with the biggest changes in their StockCharts Technical Rank (SCTR). Two are HMO stocks (UNH, WLP), two come from the biotech group (AMGN, GILD) and three are in the tech sector (MSFT, NVDA, LRCX).

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Utilities Light up the Sector MarketCarpet

Stocks in the utilities sector stood out on Wednesday. As the Sector MarketCarpet below shows, the utilities sector has the most, and darkest, green of the nine sectors (blue outline). Only one square (ED) was red.  This showed broad strength within the sector and it was enough to power the Utilities SPDR (XLU) to a 1.26% gain.

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Identifying Fund Leaders with the Fidelity MarketCarpet (video)



Chartists can identify mutual fund leaders and laggards using the Rydex, Fidelity and Profunds MarketCarpets. Note that these are updated after the market close. As the MarketCarpet below shows, the Gold Fund, Leisure Fund, Latin America Fund, Japan Fund and Nordic Fund led on Thursday. Funds associated with Biotechs, Healthcare, Pharma and Treasuries lagged with losses.

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International PerfChart Shows Strength in Developed Markets

The PerfChart below shows the year-to-date performance for ten country indices. Notice that US, European and Australian stocks are up this year. Asia shows some weakness because the Shanghai Composite, Hang Seng Composite and Nikkei 225 are down. The Bovespa, a big emerging market, is also down sharply this year.  

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Asset Managers, Investment Services and Banks Lead Finance Sector

The bulls lifted the Finance SPDR (XLF) with the DJ US Asset Managers Index, the DJ US Investment Services Index ($DJUSSB) and the DJ US Bank Index ($DJUSBK) leading the charge. All three were up more than 1%. Users can click on the industry names to see the stocks in that group and click on the link at the bottom to see the complete industry group listing.

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Rydex Funds Highlight Industry Group Winners and Losers

Stocks moved higher this week, but not all groups participated. As the Rydex industry fund MarketCarpet shows, the Financial Servives Fund (RYFIX) and the Banking Fund (RYKIX) declined and underperformed the market.  On the leadership and relative strength side, the Biotech Fund (RYOIX) and the Healthcare Fund (RYHIX) show the biggest gains. Note that the default Rydex MarketCarpet shows all funds. Double click any box focus on that specific group of funds. You can learn more about our MarketCarpets in this video tutorial.

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Google, Apple and Microsoft Power QQQ in February (video)



The CandleGlance charts show the Nasdaq 100 ETF (QQQ) and its top five components (the video shows the top ten components). It is easy to see why QQQ is so strong. Google hit a new high above 1200 today, Apple is up 10% from its January low and Microsoft hit a new high for the year. Amazon is the big laggard as a bearish pennant takes shape.

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SCTRs Surge for HMO Stocks

The StockCharts Technical Rank (SCTR) shows relative performance for the S&P 500 stocks, S&P SmallCap 600 and S&P MidCap 400. Stocks with the highest values show the most relative strength. The screenshot below shows the S&P 500 stocks with the biggest positive change in their SCTR. Notice that three HMO stocks feature on this list. Also notice that a few energy names grace the list.

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Utilities are Leading the Market in 2014

The screen shot below comes from a ChartList viewed in "summary" format using a one month price change. Overall, the market is quite mixed with five of the sector SPDRs down over the past month and only four up. The Utilities SPDR (XLU) and the Utilities Equal-Weight ETF (RYU) are easily outperforming the others. Technology and healthcare are also performing well.

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Sector MarketCarpet in RSI Mode Reveals Most Oversold Stocks

Stocks took a beating over the last few weeks, and some more than others. The Sector MarketCarpet below reflects the absolute value for RSI on February 3rd. Stocks with low RSI values have dark red squares, while stocks with relatively high values have green squares. Most of the green can be found in the utilities sector. The red is a bit scattered with some of the lowest levels found in the consumer discretionary sector. RSI is great indicators for finding oversold stocks and stocks that are bucking the trend. Click here to learn more about MarketCarpets.

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Canada Bucks the Trend as TSX Gains in January (video)



It has been a rough year for global equity markets, but the S&P/TSX Composite ($TSX) is bucking the trend with a small gain year-to-date. Notice that the Hang Seng Composite ($HSI) and Nikkei 225 ($NIKK) are leading Asia lower, while the Bovespa ($BVSP) is weighing on Latin America. European stocks are holding up the well with relatively small losses.

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Utilities Sector Benefits as Market Turns Defensive



The Sector Carpet is mostly red on Monday, but pockets of green can be seen within the utilities sector as money moves into this defensive area of the market. Pepco Holdings (POM) is leading the group with a 1.5% gain. DTE Energy (DTE) and Ameren (AEE) are also showing relative strength with gains. Chartists can double click on a box to focus on a particular sector.

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European Auto Makers Lead Group Higher



The PerfChart below shows three month performance for seven auto stocks, six of which feature in the Global Auto ETF (CARZ). Notice that Fiat, VW and Damlier have the biggest gains. Even though these three are based in Europe, they have global reach and benefited from strong auto sales elsewhere. Ford and GM are split, and the Japanese carmakers are down.

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F5, Juniper and Apple Buck the Selling Pressure

The Sector Market Carpet showed a lot of red on Monday, but there were a few green squares within the tech sector. In fact, a couple of networking stocks led as F5 Networks (FFIV) and Juniper (JNPR) scored big gains. Also notice that Xerox (XRX), Red Hat (RHT), Hewlett Packard (HPQ) and Apple (AAPL) gained on a down day. Chartists can hover over the carpet and right click to see options to show/hide tickers or view in square/market cap mode etc.

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Only Two of the Nine Sector SPDRs are up Year-to-date



Stocks are off to a rough start in 2014 with seven of the nine sectors SPDRs under water. The Energy SPDR (XLE), Materials SPDR (XLB) and Consumer Staples SPDR (XLP) are leading the way lower. On the flipside, the HealthCare SPDR (XLV) and the Finance SPDR (XLF) show gains and relative strength.

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Retail SPDR Lags as SCTR Breaks Down



The S&P 500 hit a new high in late December, but the Retail SPDR (XRT) fell short of its prior high and could be forming a lower high, which is the first step to a downtrend. The June trend line and December low mark key support in the 84-84.5 area. The indicator window confirms the deterioration in XRT as the StockCharts Technical Rank (SCTR) broke below 60 for the first time since January 2013.

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HealthCare and Consumer Discretionary Sectors Duke it Out for Top Honors

The Consumer Discretionary SPDR (XLY) and the HealthCare SPDR (XLV) are the top performing sectors year-to-date. Both are up over 40% and easily outperforming the S&P 500 SPDR (SPY), which is up a mere 29%. The Industrials SPDR (XLI) will take third place and the Finance SPDR (XLF) will end up fourth. This means three of the four offensive sectors led as the market in 2013.

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Relative Weakness in Retail is Offset by Three Key Groups

The PerfChart below shows one-month performance for ten industry group ETFs. Even though I am concerned with relative weakness in the Retail SPDR (XRT), this concern is offset by relative strength in three other groups. It has been a good month for stocks with the Home Construction SPDR (ITB) and the Internet ETF (FDN) leading the market higher. Both are up over 7% in since 22-Nov. Semis are also strong with the Semiconductor SPDR (XSD) rising over 5%.

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Pre-defined Technical Alerts Page Lights Up



With a strong open on Monday, the pre-defined technical alerts page is showing lots of green for the stock market. Notice that five sector SPDRs hit new highs, three major indices hit new highs and the S&P 500 Bullish Percent Index surged above 80. The table below today’s alerts shows the past alerts. Click on any symbol to see a live chart.

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Sector Summary Reveals the Leading Steel Stocks

A top-down browse through the sector summary shows that steel stocks are up in a down market on Thursday. Starting with the sector overall, chartists can see which sectors are leading and which are lagging. After clicking “materials sector”, chartists will be taken to the industry groups within that sector. Steel is leading and clicking “steel” will show the stocks within that group.

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Hard Drive Makers Lead Tech Sector



Reports of the death of the PC have been greatly exaggerated. Though not PC makers, the hard drive makers are strong with two hitting 52-week highs this week. Seagate (STX) and Western Digital (WDC) hit new highs and stand out on the predefined scans page. A search for STX shows the stock hitting four different scans.

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Gold&Silver Index Shows Short-term Relative Strength

The PHLX Gold & Silver Index ($XAU) is actually showing some strength with a small gain over the last six days. Perhaps this is because most other industry group indices are down and XAU is a contrarian play. The PerfChart below shows John Murphy’s eight industry groups since 9-Dec. The Drug Index ($DRG) and Biotech ($BTK) are leading the way down with the biggest declines.

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Delta and SW Airlines Lead Industrials Sector



The Sector MarketCarpet shows that Delta and Southwest, two airline stocks, are leading the industrials sector on Thursday. Airlines tend to move as a group and this means other airline stocks are likely strong as well. Note that both stock hit 52-week highs in late November and led the market from September to November. Note that today’s video includes a quick demo on the MarketCarpet.

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Natural Gas ETF Leads as Metals ETFs Lag



The Natural Gas ETF (UNG) is on a tear with a 15+ percent gain since October 30th. The PerfChart below shows UNG with nine other commodity-related ETFs. The eight metal-related ETFs are down with the Gold SPDR (GLD) and Silver Trust (SLV) leading the way lower. The US Oil Fund (USO) is up a fraction. NatGas is the clear leader as the weather turns colder.

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