Very interesting sector moves I observed recently. The last two weeks see money flowing heavily into previously weak sectors like Financials, Consumer Discretionary and Technology (see above). On the other hand, previously strong sectors like Energy, Materials and Consumer Staples see outflows.
Now the tide seems to have turned again based on last two days (see above). Energy and Materials regained their momentum while Consumer Discretionary and Technology lost steam. The question is can Energy and Materials continue to hang on to their lead? Or will Technology, Financials and Consumer Discretionary finally take over? Watch these sectors closely and let your trades follow the money flows Earnings reporting is winding down and there are not many key economic data this week
Mon: ISM Service ARG, ANR, APC, CECO, CLF, HLF, TDW, VMC, WTW, WLL