Defensive
- Posted by Robert Sinn
- on March 12th, 2012
The equity market showed signs of a defensive rotation today as consumer goods ($XLP), health care($XLV), utilities($XLU), and the latest “defensive sector” $AAPL were all well bid throughout the session. Meanwhile, financials ($XLF), industrials (namely $CAT and $DE), and oil & gas services ($OIH) significantly underperformed:
Click to enlarge (via FinViz)
Names such as $CAT and $FCX are clearly being pressured by renewed China concerns – this is definitely something to keep an eye on.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Robert Sinn is a professional trader and market analyst who focuses on multiple asset classes including equities, futures, options and currencies. He integrates fundamental and technical analysis. More »
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