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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Fri. Oct. 2 @ 8:30 am ET ~ Employment Data
* Wed. Oct. 7 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Tues. Oct. 13 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Oct. 14 @ 2:00 pm ET ~ Beige Book Report
* Fri. Oct. 16 @ 8:30 am ET ~ Core Retail Sales & Retail Sales
* Thurs. Nov. 5 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Wed. Dec. 16 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference

*** Click here for link to Economic Calendars for all upcoming events

Saturday, February 29, 2020

U.S. Stock Market & Sector Performance Heatmaps

The following graph and heatmap are provided courtesy of Barchart.com.

The following percentage graph shows a 1-year comparison of the S&P 500 Index with the S&P Sectors. You can see which Sectors are outperforming or underperforming the Index.


The following heatmap shows the percentages of stocks within the Sectors and Major U.S. Indices that are currently trading above a variety of moving averages, as of Friday's close.

You can quickly see which are the weakest and strongest of the weak (especially after last week's record market purge) by which ones have the most/least stocks above their 200-day moving average.

With regard to the Major Indices, the Nasdaq 100 is the strongest, while the Dow Transports are the weakest.


The following percentages gained/lost graphs of the S&P 500 Index and the 9 Major Sectors are provided by Stockcharts.com.

The timeframe on each of them is one year, year-to-date, and last week, respectively.

You can see that Technology is outperforming Energy on all three timeframes, while Financials aren't looking too healthy. That is confirmed on the heatmap above...check out the percentages of their stocks above their 200-day moving average.




BOTTOM LINE:

There are no Sectors or Major Indices with stocks that are in the green above their shortest moving average, namely their 5-day moving average, on the heatmap.

Generally speaking, if Friday's bounce continues into this coming week, we may see that flip at some point. If that happens and fails to hold, look for a further equity selloff. Otherwise, we may see them rally to their 20-day moving average before they, either continue convincingly, or reverse around that area of resistance for another leg down to, potentially, new lows.

For further clues as to possible direction on the S&P 500 Index in the coming days/weeks, check out my post which describes the TPO Profile support and resistance levels on the corresponding S&P 500 E-mini Futures Index.