8 Markets At All-Time Monthly Highs; 3 Sectors Worth Owning
Chris Kimble | Mar 02, 2015 11:36PM ET
Above are eight markets that are starting this month at all-time highs: Dow Jones, SPX, NASDAQ Comp, S&P Midcap 400, Russell 2000, Wilshire 5000, Value Line Geometric and the DAX. Only the Nikkei is not at an all-time high though it did finish last month at a new monthly high, surpassing the highs hit in 2007. Historically, having numerous markets closing at all-time monthly highs at the same time has been a positive for the markets.
Below are the 9 S&P 500 sectors with Power of the Pattern signals/thoughts applied to each.
Most of these are doing very well. The green check marks are the favored Power of the Pattern sectors to own (SPDR Consumer Discretionary Select Sector (ARCA:XLY), SPDR Materials Select Sector (ARCA:XLB), SPDR Select Sector - Technology (NYSE:XLK), as each are breaking above old highs, inside of quality rising channels.
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