Energy Continues to Lead the Pack

If you look at a chart of the S&P 500 over the last month, you will see that this "market" is almost at an identical level to where it started.  However, if you take a closer look at the action of the sectors and stocks that make up the S&P 500, as seen in the graphic below, you can get a better picture of what's happened in the market over the past month.

Click to view larger image.

Remember, the heat map above is for the S&P 500, which is almost unchanged over the past month, but you can see those stocks and sectors that haven't performed well highlighted in bright red, which include several big names in the Technology and Financials Sectors.  On the other hand, you can also see those stocks that have performed very well over the last month highlighted in bright green, which are mostly in the Energy and Industrial Sectors.  There is a pretty scattered picture of the good and the ugly - a diversified and somewhat dysfunctional market.  Furthermore, in the table below, you can see the current percentages of the S&P 500 sectors that are trading above their 50- and 200-day moving averages.

Table is sorted highest to lowest % > 50DMA.

So overall, Energy continues to be the rock star of the sectors as both mid-cap and large-cap names continue their impressive showings.

To view today's complete Weekly Sector Report, click here.

Don Hays, Nicholas Warf and Justin Wood

Please see important disclosures at the bottom of this page.