The S&P Sector PerfChart shows the consumer discretionary and industrials sectors leading the way in 2010. All sectors are up for the year, but these two are clearly the big leaders. Energy and materials came in a distance third and fourth, respectively. In a surprising twist, technology (XLK) is one of the lagging sectors. Perhaps this has something to do with the performance of Cisco (CSCO) and Visa (V). Yes, Visa is part of XLK.
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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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