It has been a risk-on rally led by some of the harder-hit sectors of 2022 —technology, banks, entertainment, and commodities.- Barron's January 27, 2023 end of day article
Message #369 from rimshot at 12/19/2022 9:37:25 PM
a Lowry's technician said in last week's CFRA webinar, the dogs of the S&P 500 during 2022 will likely be the better percentage performers during 2023, and he specified XLK and XLY as sectors to focus on for a possible future swing long entry
* below are my complimentary analytics, which I may update from time to time in the coming months:
symbol vs. SPY ratio since the April 1, 2021 close ( cumulative percentage change in the relative strength )
gainers:
XLE - big gainer at positive 84.1% increase in Relative Strength since April 1, 2021 XLV - big gainer at positive 21.8% increase in Relative Strength since April 1, 2021 XLU - big gainer at positive 17.8% increase in Relative Strength since April 1, 2021 XLP - big gainer at positive 17.4% increase in Relative Strength since April 1, 2021 XLB - positive 3.9% increase in Relative Strength XLI - positive 3.8% increase in Relative Strength XLF - positive 2.9% increase in Relative Strength
losers:
XLRE - 0.9% decrease in Relative Strength XLK - 3.5% decrease in Relative Strength XLY - big loser at 19.3% decrease in Relative Strength since April 1, 2021 XLC - big loser at 34.6% decrease in Relative Strength since April 1, 2021 |