During the past rally, the leading sectors are banking & industrials. The leading sectors from the previous cycle have been rotated out of leadership positions. The following stocks have been selected as representatives of each of the leading sectors. It’s very encouraging to see the two stocks from the chip sector.
Symbol | # of trading days advancing | Percent of advance | Notes |
AMD chip | 32(11/10-12/28/2016) | 99% | Breaking multi-year resistance |
NVDA chip | 36(11/4-12/28/2016) | 80% | |
BAC banking | 30(11/2-12/15/2016) | 44% | Breaking multi-year resistance |
FCX mining | 13(11/4-11/23/2016 | 56% | |
FAS 3x ETF financial | 23(11/4-12/8/2016) | 56% | |
SPX index | 26(11/4-12/13/2016) | 9% |