Week 48 Mid-week Trending Updates

Major Markets

After yesterday’s big move up after the Fed speech, we see a lot more green in the trending heat map. The S&P 500, Dow Jones, Russell 2000 and the All-Country World Index all crossed over their 200-day moving averages.

Sectors

The Sectors look a lot better as well after yesterday’s action. We can see the weakness in the Energy sector XLE which is interesting. It is interesting because all through the year the markets were doing poorly, and Energy was up big time. Now the roles seem to have reversed. It can be a good hedge against the markets.