sectorssincepeak
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Since stocks peaked on June 12th, the worst performing sectors have been those that are, for the most part, economically sensitive, including energy, materials, and industrials.
Meanwhile, defensive groups such as health care and consumer staples have held their own.

Among the relative standouts: information technology shares, which gained 45.6% during the run from the March lows to the June highs, but which have since given back only 3.5%.

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Sector % Chg from 6/12 % Chg from 3/9 Low – 6/12 High
Energy -13.70% 31.47%
Materials -11.47% 54.08%
Industrials -10.20% 54.72%
Financials -8.17% 100.00%
Consumer Discretion -6.77% 49.18%
S&P 500 Index -5.45% 39.86%
Info Technology -3.54% 45.60%
Telecom Services -1.81% 18.47%
Utilities -1.65% 24.73%
Consumer Staples 0.11% 20.70%
Health Care 2.16% 17.27%

Category: Technical Analysis, Trading

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

64 Responses to “Performance of US Sectors Since 6/12 Market Peak”

  1. Bruce N Tennessee says:

    Warren Buffett says second stimulus might be needed

    http://finance.yahoo.com/news/Warren-Buffett-says-second-rb-2245553549.html?x=0&sec=topStories&pos=1&asset=&ccode=

    …I have decoded this for you Krugman and Buffett fans…deep within it says,”You must take on a second job to pay for the large tax increases that are coming…for we plan to spend you into tax hades….”

  2. ben22 says:

    of course WB wants a second stimulus. I think this is what is called, “talking your book” his portfolio will need a second stimulus which is why he’s been saying this for a few weeks now.

  3. The Curmudgeon says:

    This is just a bull market correction. The markets are not going to plunge again. A second stimulus would be good only because we could invest in more infrastructure, education and clean energy. The economy is not going to crash just because all you doom and gloomers say it will.

    There, no we don’t need f411.

  4. constantnormal says:

    seems to me, if one wants to look at the “relative standouts”, using only 2 data points (performance from recent low to recent high, performance over the last 30 days), all you have to do is sum them:

    Sector net gain/loss
    ——— ——————
    Energy 17.77%
    Materials 42.61%
    Industrials 44.52%
    Financials 91.83%
    Cons. Discretion 42.41%
    S&P 500 34.41%
    Info Tech 42.06%
    Telecom Svcs 16.66%
    Utilities 41.08%
    Cons. Staples 20.59%
    Health Care 15.11%

    Sorry for the lack of formatting/proper spacing. The odds of my selection of browser font matching all of yours is nil.

    Looking at that list, it seems that the way to go was Financials — of course, by sticking with Info Tech, the downside risk (assuming that your picks did not exactly mirror these sectors) was only -3.54% — but then one could have gone with staid old Utilities, and done almost as good as Tech, for less than half the downside risk.

    Industrials and Materials were not too shabby either — except that the downside risk of picking the wrong proxies there was a lot higher.

  5. constantnormal says:

    wherein I once again demonstrate my inability to type and/or proofread, or prove that I cannot distinguish 24.73% from 42.73%

    fuggedaboudit so far as Utilities are concerned. And excluding them, BR’s selection of Info Tech stands out for its combination of decent performance and low risk.

    BTW, has anybody noticed difficulties in getting pages to reload? I think Kim Jung Il must have TBP in his DDoS gunsights.

  6. colin says:

    Constant,

    I’m pretty sure you have to multiply the returns to get the true relative standout (not that that changes your conclusion much). I’d like to see these numbers beta-adjusted.

  7. leftback says:

    The small cap materials stocks were some of the best performers of all – UEC, GMO were huge gainers.

    Quiet in ‘ere today, innit? Perhaps we need more stimulus.

  8. [...] Relative sector performance since the June top.  (Big Picture) [...]

  9. Thor says:

    Curmudgeon – hah, that was perfect, seemed to do the trick as well!

  10. cvienne says:

    @I – Man

    taking your pulse…

  11. I-Man says:

    @ CV:

    Influenced by caffeine at the moment… hit me when I calm down.

    JK…

    I was expecting the opposite today… a rally on weak volume.

    Re: SPX… I’m watching a curious looking trendline on the 15 min charts that I think will see us fall down to 873, catch a spike up to 878 and then a fade into the close and end the week right at the lows from Wed right around 870.

    Basically, I’m not changing anything.

  12. cvienne says:

    @I-Man

    That’s why I was trying to reach you…

    I’ve got bad vibes…I felt it up at 880…I think we’re going down to 863

  13. I-Man says:

    I will say going into next week that I’ve had some slight tremors of fear with respect to earnings, being short and all.

    That said, not enough fear to close my shorts. Most of the trend following stuff I’ve been reading about lately says alot about trends presaging the news.

    Given the amount of technical damage thats occurred over the past couple weeks I dont think that says good things about earnings upside surprises.

  14. cvienne says:

    Weird thing though, is that I still think it could stage a rally next week and be back up in the 890 range…

    This is IT though…after the next move up, this thing is going down hard…

  15. cvienne says:

    I moved over to this abandoned thread (just like you did the other day), because I don’t want to talk about trading in the middle of the current threads…

    Going forward, the “bat phone” could be…TYP = “taking your pulse”…u dig?

  16. I-Man says:

    Oh I dig it brah.

    I’m the king of trading talk in the vacant threads…

    Its kind of my MO.

  17. cvienne says:

    Cool :-)

  18. I-Man says:

    We should just do:

    TYP
    then the link to the thread.

    8)

    Irie?

  19. cvienne says:

    I-Man

    You can see it happening…

    All the commodity $$ (oil, gold, etc.) has undergone full on profit taking (and it ain’t going back)…

    It’s just hanging around right now either in CASH, or, a few bites here and there in the likes of GOOG & AAPL because those are heavy volume & have 3 digit handles…

    I’d say it’s basically just WAITING there for one last little rise in the market and then the cash will actually get deployed SHORTING…

    Maybe it won’t happen until the end of opex week because maybe it’s all just sitting there collecting premium right now…

  20. I-Man says:

    Maybe this is what we’re feeling… a little “coiled spring” action?

    I dont watch BBand’s much, but theres something to what MM is proposing here:

    http://macro-man.blogspot.com/

  21. cvienne says:

    “TYP
    then the link to the thread…

    Irie! ;-)

    …and while we’re at it, pick the poorest, most underutilized thread…

  22. I-Man says:

    Or maybe there is some big money short July 880 calls? I have no idea, I havent even checked the OI. I suspect alot of call buyers are being set up.

    Just like the heads who piled into the AA July 10 calls ahead of earnings. Set up.

  23. cvienne says:

    Macro Man sounds like lefty the way he refers to himself :-)

    I’ve been working on a theory that when this market goes down it’s going to be RELENTLESS and not let anybody IN…

    That’s the way the bounce at 666 was…The market was over 800 before anyone knew what was happening…

    Now I think we’re down at 750 before anyone knows what’s going on…That will be enough to give the DIP buyers at 820 a chance to feel good about themselves, then they’ll get HAMMERED again…

  24. I-Man says:

    Yeah, we gotta get some of the other traders in on this too.

    Who knows? Maybe we’ll get ole BR to play along one of these days… :)

    I’ve always wanted to pick his brain on trading and wonder if he ever trades his own account on the side…

  25. cvienne says:

    Well they sure siphoned a few dollars off of me this week…

    I was playing with a small position in crude near what I thought was a bottom, but it hasn’t budged…

    I decided to take the position off at a small loss…I don’t look back…If it goes up it goes up, but I don’t like sitting on a trade when I have a nervous feeling in my stomach…

  26. I-Man says:

    Sometimes I think Macro Man is Lefty bro…

    I feel you on the trap door thing. It swings fast. I was so disillusioned back at the March lows that I couldnt do anything.

    I had just washed out on some long GS Feb calls that almost did me in. Was still holding MOS, RIMM, BNI, QLD, and ACI that I bought trying to catch a knife in late September… were some dark days for I-Man.

    I will never let myself get in that predicament again. Being on the wrong side of a trend AND a trade at the same time sucks.

  27. cvienne says:

    “Yeah, we gotta get some of the other traders in on this too”

    Let ‘em stumble in at will (see if they figure it out)…I kinda like the semi-privacy…

  28. I-Man says:

    Oh you werent alone man, I know alot of folks that were doing the same thing in UCO, DXO, the drybulks, etc… I was looking for a bounce too. Makes me feel better being short knowing we didnt get one… in kind of a counterintuitive way if you know what I mean.

  29. cvienne says:

    I-Man

    I know what you mean…The only reason I did it in the first place was that I kept the bulk of my SHORTS on…I’d skimmed a little at 870 but let the rest ride…

    So that little oil play was more like a “hedgie”

  30. I-Man says:

    Hey bro, if you dont mind my asking…

    What platform are you using for your trades?

    I’m thinking about moving my account over to Interactive Brokers… any experience with them? I just like the option of being able to get into futures at some point and keep the same account.

  31. cvienne says:

    I use Scottrade…

    Nothing special about them…but I like it…

    I know about Interactive Brokers, but I can’t say anything useful about them…

    I trade OPTIONS & futures on my Scottrade account…

  32. I-Man says:

    Thx. I’ll look into them too. We have to get permission to move our accounts off of the firm’s platform, and needless to say, my firms platform isnt the greatest in terms of execution, customer service, and functionality.

  33. cvienne says:

    The Scottrader Elite software is pretty decent in terms of data flow and what you can make out of the charts…

    I use a combination of things though…I mainly use the Scottrader Elite for a ‘tick by tick’ look…

  34. I-Man says:

    Yeah, I’m kinda revamping my whole system. I’m going to pounce on the stockcharts Extra with Realtime subscription…

    Amazingly… I still hand draw all of my trendlines, annotations, and trading entries… I know. Old school.

    I’m trying to digitalize that process, and get on a better platform.

    Next step is to write a basic mechanical system that I can watch for awhile… I’m thinking Donchian’s ancient 5 and 20 MA system to start.

    I have been solely discretionary in my trading, and need to get more mechanized… if only to “check” my discretion.

    Its a constant evolution.

  35. cvienne says:

    Want to try something FREE (and cool)

    check this out…

    http://www.prophet.net/analyze/javacharts.jsp

    I use it all the time…FOR FREE (you don’t even have to log in or have an account)

    on the ANALYZE tab click Java Charts & go to it…

  36. I-Man says:

    cool! I’m going to play around with that this weekend… if my garden doesnt totally take it over first.

    Man… I forgot to cut my spinach back, and its growing cola’s. Tasted bitter. Had to saute some in bacon grease last night to be able to eat it.

    My first tomatos have another week or two.

    My first thai hots are ready. We’ve been eating a bunch of romaine, Oregon sugar snap peas, heirloom royal purple pod and dragons tongue green beans.

    My corn is still laggin. Gonna reapply the chix manure and fish emulsion tomorrow.

  37. cvienne says:

    My corn came up last week…

    It’s hotter here than there so most of my spinach & arugula bolted a few weeks ago…

    I’m germinating some indoor plants to start a new harvest come fall…

    Tomatoes & Peppers are starting to proliferate…So are potatoes & onions

  38. cvienne says:

    BTW

    When you do that JAVA CHARTS thing, there is an option box on the bottom left of the screen…

    Check the EXPAND CHART box and you get just that…then, if you RIGHT CLICK in the chart window, you get the option to SUPER SIZE the expansion…

    I find that invaluable (and it’s the only charting program that I know that does it as nicely) to VISUALIZE things going forward (like potential H&S formations, EW’s, & other things)…

  39. cvienne says:

    We hit your 878…

    I still don’t like the looks of this thing today…

    You may be quite right about 869 as the close (but I have 861-863 on my radar as well)…

    I’m sitting tight and not playing anything…just letting what shorts I have ride…

  40. cvienne says:

    …although the FXP looks mighty encouraging to play here at 13.13 with a tight stop…

    The stop might not even be necessary because I think it holds 12.90 anyway…

  41. I-Man says:

    Totally… did you see that article in the FT yesterday about Chinese bank lending… and how insane it has been YTD?

    Now… how long does that take to blow up if the Shanghai gets a swift sell off? We’re already seeing the fast unwind in commodities… Or does all that money keep juicing Chinese stocks until a later date… ie: October?

  42. cvienne says:

    I don’t think so I-Man…

    I think the juicing is over…The FXI has broken down big time…

    And I really think that China is going to stage a US 1929 style depression…So that gives me the notion that the FXI will eventually lose 90% from it’s all time high…

    That means that puppy is going down to 6…You do the math on that…

  43. cvienne says:

    It’s a lazy day here in cvienne land…

    So I’m going to go out and pick me up some brewskis to sit around and watch the afternoon fireworks with…

    I’ll be back…

    Need anything? slim jims? tic tacs?

  44. I-Man says:

    Lol. Sounds like fun.

    Looks like we might even get a lackluster push up today going into the close. Either that or another painted false breakout by the machines.

  45. I-Man says:

    You really have me thinking hard about doing this… I’m looking at some newer used Silverado/Sierra’s and might do the conversion.

    There’s actually alot of mechanics doing those around here.

  46. cvienne says:

    I’m back (with brewskie in hand)

    I was surveying the past 4 fridays on the VIX (well – last THURSDAY as well)…

    The ‘minor’ characteristic of them all was that about 2:20 PM a ‘countertrend’ (to VIX general direction for the day occurred)…

    So since the VIX seems to be trending LOWER today…I’m expecting a small spike in volatility (which probably means a slight selloff into the close)…

    Just for fun….

  47. cvienne says:

    I-Man

    Re: “Woops… spaced the link:
    http://www.cngnow.com/EN-US/Vehicles/LightDuty/Pages/ConverttoCNG.aspx

    DO IT…

    It’ll be the best friggin thing you ever do…

    one of these days, there are going to be gasoline shortages (and rationing) again…

    You can get yourself a huge propane storage tank on your property and your truck (or car or whatever) will be self sufficient in times of chaos)…

    Plus, it’s about 50% cheaper…

    You can’t really store that much gasoline…Not more than about 50 -100 gallons…I do that too, but the excess (in times of crisis) I’d only use to run a dirtbike to get around…

  48. I-Man says:

    So can you just flip a switch to change from gas to ng? Meaning, you have two tanks? Or is it an all or nothing kind of deal?

  49. I-Man says:

    2:20pm EST looks like its gonna play out btw…

  50. cvienne says:

    “So can you just flip a switch to change from gas to ng?”

    That’s how mine works…Basically I run on both…I just flip a switch…

  51. cvienne says:

    I ADDED to my FXP at 13.03…

    I’d bought my first chunk at 12.40…

    That’s an ADD ALL THE WAY scenario for me now…I’m not even worried about the S&P going back up to test the highs…

    Right now I’m long Treasuries & short China all the way…

  52. I-Man says:

    CV-

    Check this… you’ve been all over this:

    http://thechartpatterntrader.blogspot.com/

  53. cvienne says:

    I’ll look at it after the close because it looks like the videos are kind of long…

    Dude, that cartoon guy RON looks like ME (no shit – that’s about what I look like)…

  54. I-Man says:

    Yeah, they are usually about 25 min… the one at the top totally breaks down your 60 min Inverse H and S on the SPX.

    This dude is really good. I usually try to catch his nightly vid the next day after the close, so it doesnt make me second guess my own mojo.

    But seriously… this cat has taught me alot. Between him and AT, I’ve learned some serious TA.
    I see AT just sent out a Yen update btw…

  55. cvienne says:

    I have been passing a lot of private e-mail back and forth with AT lately…

    Nothing “proprietary”…just picking his brain…I like that magic juice…it brings things into clearer focus (as I’m more the conspiracy theorist – I come up with wild notions)…

    Anyway…my take on the yen for the past week has been the unwind of commodities (and the unwind of the emerging markets play)…

    Look at the charts I-Man…they dumped oil first…Even TODAY they’re dumping emerging markets…

    I’m VERY BULLISH on the short China trade right now…China is still up 20% on the year…HELLO?

  56. I-Man says:

    I agree totally on the short FXI… I’m actually a bit inclined to take down some short financial exposure and move it into either the FXY or FXP.

    I love the uptrend on the FXY in the weekly… on the daily, resistance being taken out left and right.

    You got no arguments from me on that.

  57. cvienne says:

    Yeah…

    I’m a million miles away from US financials (and have been for a long time)…

    I mean…you must know why!…

    With the way the Fed or the Government can intervene (or with the way they can pull strings & manipulate)…

    The whole thing feels like a MAIDEN CLAIMER horserace to me than a BREEDERS CUP Classic…

    You could probably say the same about China, but that just feels to me like a house of cards about to fall and there’s not anything ANYONE can do about “policy wise”…To boot, there is overinvestment, and a tight window of exit…

  58. cvienne says:

    I’m telling you…

    FXI = 6

    by the time all is said & done…

    and I’m talking 24 months…whichever comes first…

  59. I-Man says:

    I’ll be a bit surprised if this thing can close at or above 880… shit, with the way its been going they could easily close it right at 880 on the spot.

    I say more likely, this last half hour is gonna be brutal for dip buyers.

  60. cvienne says:

    Whadda you wanna bet that you don’t see some kind of phony run-up in the USO to $33 in the last 10 minutes before the close (on short covering)…

    Who cares?

  61. I-Man says:

    Pretty phenomenal how much those 2K share blocks in rapid fire succession can lift the SPY in such a short timeframe… ie: seconds.

    Never ceases to amaze me.

    They better watch out when I’m swinging 2K blocks. :)

  62. cvienne says:

    This thread is about to fall off the FLAT EARTH I-Man…

    It’s been a pleasure today…I’ll catch you on another thread…

    TYP is the operative word for the bat phone…

  63. I-Man says:

    You know it bro.
    Peace