We decided to beat the holiday rush and jump into our weekly Relative Strength Wednesday a little early this week. No surprises here, more of the same. Healthcare, Tech and Financials continue to lead. We are noticing Energy showing some bullish signs, which goes with our theme from Macro-Monday of increased bullishness in commodities.
The trend in performance over the last two months is clear, Tech, Financial and Healthcare have led this latestest leg of the rally. However keep an eye on Utilities as there may be some early positioning as bonds appear to be bottoming, at least in the short-term, and a mean reversion may be in the cards.