It is the last Tuesday of the month, and that means looking at seasonality!
In this edition of StockCharts TV's Sector Spotlight, it's time to go over some monthly charts! As usual, Julius brings two batches of monthly charts to the show: one for Asset Classes, one for US sectors. While going over the charts, including the recently completed bar for March, Julius signals a continuing strength for stocks over bonds, a potential long-term bottom in the making for commodities and further steepening of the yield curve. In sectors, things are still pointing to the bull market continuing in play. While going over the individual sectors, Julius finds that five sectors made a new high AND a new closing high as well. And three sectors, only, made a new closing high. This means that eight out of eleven sectors are continuing to exhibit bullish characteristics. There's nothing bearish about that.
This video was originally broadcast on April 6th, 2021. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube. You can also check out the video on the new StockCharts TV on-demand website stockchartstv.com, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.
Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.
#StaySafe, -Julius
Julius de Kempenaer
Senior Technical Analyst, StockCharts.com
Creator, Relative Rotation Graphs
Founder, RRG Research
Host of: Sector Spotlight
Please find my handles for social media channels under the Bio below.
Feedback, comments or questions are welcome at Juliusdk@stockcharts.com. I cannot promise to respond to each and every message, but I will certainly read them and, where reasonably possible, use the feedback and comments or answer questions.
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