Last week was all about safety. This week is all about risk. The Sector PerfChart shows the offensive sectors outperforming the defensive sectors over the last four trading days. All sectors are up on an absolute basis. However, the consumer discretionary, technology, industrials and finance are up the most on a relative basis - relative to the S&P 500 that is.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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