Leaders And Laggards: Trends In Indices, Commodities, Forex And Stocks
Candy Matheson | May 05, 2014 01:56AM ET
The following 1-year Daily charts are simply presented to show trend, support and resistance levels, and current price levels for the past year for a variety of U.S. Major Indices & Sectors, World Indices, Commodities, Forex pairs, and U.S. social media ETF & stocks.
The accompanying 1-year percentage-gained graphs show the leaders and laggards for those groups.h2 Major U.S. Indices/h2
Dow Transports and Nasdaq Transports are the clear leaders based on price performance and percentage gained over a one-year period, while Dow Utilities lags on percentage gained during that same period (even though it has outperformed in 2014). The Nasdaq 100 and Russel 2000 Indices are the ones to watch to see if recent weakness persists...if so, they may negatively influence and drag down the others. However, if we see the Dow and the S&P 500 begin to rally and hold above their near-term resistance levels, and if the Nasdaq and Russell still decline, it may simply mean a rotation out of risk and into value sectors and stocks. Looking at the percentage-gained graphs on a weekly basis will reveal the short-term trend.
Although Biotech is not one of the 9 Major Sectors, I've included it to illustrate that it's leading, along with Industrials, while Utilities lags in terms of percentage gained (notwithstanding its relative outperformance in 2014). I'd keep an eye on Energy, Consumer Staples, and Utilities to see if they maintain recent upward momentum.
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