Wednesday, December 04, 2013

Market Sentiment: Sectorbreadth

Split sector performance: Defensive sectors gain, Cyclical ones lose out. Utilities ($XLU) on the rebound. 
Financials ($XLF) lost the most ground relative to other sectors, plus a price loss, but Staples ($XLP) registered both a price gain and a relative jump in sector bullishness. Staples ($XLP) may offer best day trade long opportunity tomorrow.  Financials ($XLF) for shorts.
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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com.
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