Weekly Sector Report | 11/05/10 (by Leisa)

The market showed no signs of fatigue last week. The broad market index was up 3.57% with a sweep of sectors positive across the board.  Below is the Weekly Sector profile compared to the broad market index (in blue). (Click to make larger).

Note that the more defensive sectors, healthcare, food/beverage, utilities, are lagging. Here's a chart of the broad market index (Click to make larger)

Prices are very extended and caution is warranted for longs.  Prices are approaching a heavy volume@ price bar (which I have extended and placed in a dotted outline).  It will be interesting to see how volume/price action react at these levels over the next few weeks.

 

To facilitate your personal study of the the sectors, I've created a downloadable PDF which contains detail sector information, summary sector information, and chart books for the summary sectors in both weekly and daily format.  It is a large file, so be patient with the download.