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XLK

Sector Winners and Losers week ending 4/9The S&P 500 was dominated by three growth sectors for the week, finishing the week with a big 2.71% gain and another new all-time high. Technology (XLK) finished the week as the top sector, taking the top spot on Thursday and Friday as big tech companies solidified breakouts from their recent consolidations. Likewise, Consumer Discretionary (XLY) and Communication Services (XLC) finished in second and third place largely thanks for mega-caps that are overweight in the lists. Energy (XLE) was at the bottom of the list with over a 4% decline. Some of that may be attributed to mixed outlook from analysts on supply and demand for oil. But Energy also tends to suffer when a large amount of investment rotates into the three big growth sectors. Only Energy declined for the week. The other sectors had gains, albeit underperformed the broader S&P 500 index.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 4/1Communications (XLC) did not top the sector list for a single day, but it's steady gains throughout the week put it at the top of the weekly chart. Utilities (XLU) started the week on top. Investors were nervous on Monday about the lasting impact of the Suez Canal blockage and whether a $20b fire sale of Archegos investments would grow or even expand to other firms. Utilities popped back into the story late on Wednesday when a sudden pop and sell-off in big tech occurred in the final hour. Financials (XLF) was also impacted by the Archegos drama on Monday. By Tuesday, the damage was contained and higher treasury bond yields provided a life to the sector, making it the top performer for the day. Technology (XLK) got a boost on Wednesday when Microsoft announced news of an augmented reality deal with the US Army. That spike sold off quickly, but the buyers came back in on Thursday, bringing the Technology sector up to second place for the week. Energy (XLE) spent most of the week at the bottom of the list. Higher-then-expected demand for oil and gas and a generally positive outlook for economic growth brought the sector gains on Thursday that lifted it from the bottom. Consumer Staples (XLP) ended the week as the worst performing sector. The rotation out of staples could continue as investors see consumers return to normal spending habits in a strengthening economic cycle.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 3/26There were several change of winners and losers during a week that ended with the S&P 500 at a record close. Technology (XLK) led for the first two days of the week, was sold off heavily on Wednesday and Thursday, but then ended the week with a huge gain on Friday, putting it in third place. Utilities (XLU) took over the top spot on Thursday as investors became very cautious and fled to the defensive sector. Consumer Staples (XLP) remained steady throughout the volatile week and ended the week at the top. After last week's rout, Energy (XLE) seemed to find a bottom on Tuesday. After a big gain on Wednesday, the sector opened back near the bottom on Thursday, but quickly recovered. But the end of Friday, it was able to end the week with a gain. Communication Services (XLC) and Consumer Discretionary (XLY) were the only two sectors to decline for the week. Communication Services ended the week at the bottom with more than a 4% decline. Although Technology sector fared well, there is still evidence of rotation from growth to value.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 3/19Inflation, yields and the fed, oh my! The sectors were all over the place this week, all driven by nervousness about an overheating economy and how the fed might react. Monday started the week with the defensive sector Utilities (XLU) at the top. On Tuesday, Retail sales data for February showed the economy wasn't overheating and inflation may not be on the rise. That gave investors some confidence and despite bond yields rising, interest rate sensitive sectors such as Technology (XLK) and Communication Services (XLC) rose to the top. After the FOMC meeting on Wednesday, Jerome Powell acknowledge the increased outlook on the economy for 2021, but made a firm statement that interest rates would not be raised and bond purchasing programs would continue. You can clearly see the spike in Technology and Communications again after 2:00p on Wednesday. But then bond investors had their reaction on Thursday. As market open approached, bond investors sold heavily in the morning, sending yields on a surge again. Industrials (XLI) did well for most of the day but sold off before close. Only Financials (XLF) ended the day with a gain. Finally on Friday, bond yields climbed but at a smaller rate with the yield curve flattening a bit. That allowed several sectors to find some upside. Communication Services ended the week at the top sector. Energy (XLE) was the worst performing sector of the week as crude oil prices plummeted on less demand, losing over 7.5% and dragging down the Dow Jones Industrial average (DJI) with it.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 3/12It was a wild week for the sectors as investors rotated in and out of Technology and Communications stocks. All sectors ended the week with gains. Consumer Discretionary (XLY) was the big winner. Large stimulus checks will be delivered soon that are expected to be poured into the economy via consumer spending on both needs and wants. Technology (XLK) and Communications (XLC) spent Monday at the bottom of the sector list, Tuesday at the top, Wednesday at the bottom, Thursday at the top, and Friday at the bottom. In the end, the two sectors landed just behind the SPX in performance, but did have gains for the day. Financials (XLF) was also one to watch. It flipped back and forth as investors followed closely what was happening in the bond markets. The increase in yields could be a boon for Financials. The increased yields would have the opposite impact on big technology and communications companies and smaller growth companies. As yields went back and forth, so did the performance of these sectors. Energy (XLE) ended the week as the worst sector. Although it had a big gain on Wednesday, it wasn't enough to cover the losses on Monday and Tuesday. Utilities (XLU) and Real Estate (XLRE) did not have any big days, but were on a steady rise throughout the week. They ended the week in 2nd and 3rd place on the list. The two sectors are often used as defensive plays.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 3/5If you kept your eyes only on big tech and growth stocks, you might have missed that many sectors had fairly good advances this week. The sector chart supports the thesis that there is an outsized rotation in progress that is presenting as a correction, but that there is still a level of support in the broader equities market. The top two sectors, Energy (XLE) and Financials (XLF), never dipped into negative territory even with Thursday's broad sell-off. The other cyclical Industrials (XLI) and Materials (XLB) also performed well for the week. Materials was leading for the week at the end of Tuesday, but backed off a bit later in the week. There was caution visible in the sectors as Utilities (XLU) and Consumer Staples (XLP) advanced. Investors moved from sectors that are more exposed to pressures from inflation and higher yields. Consumer Discretionary (XLY) and Technology (XLK) were the hardest hit among the sectors. Real Estate (XLRE) is also at the bottom of the list. At center stage is the bond market sell-off that is driving higher yields. Interest rates that are based on the yields will make borrowing costs higher. Add to that fears of higher inflation would bring interest rate adjustments earlier than initially expected. The higher interest rates benefit big banks that drive the Financials sector higher. But it depresses the net present value that was priced into high growth sectors like Technology.
SP:SPX
by drewby4321
4
Very hard to trade XLK and the QsThe market is still giving conflicting signals about the tech sectors. Even though many individual stock got cut in half already from the high, the XLK and QQQ are still holding up relatively well. When will we see the big down move or are we going to see it at all is even one's guess. OBV (on the 3 day chart) and CMF on the daily (and 3 days, etc.) are still bullish while the MACD and AO are showing bearish divergence. (daily and 3 day) One interesting notes, the StocRSI is showing hidden divergence and this might be a good sign for the bulls. Bulls and Bears are still fight for grounds at the moment. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
AMEX:XLK
by hanzhao311
Sector Winners and Losers week ending 2/26It's a good week to take a close look at the sectors and see how the market moved around during pullbacks in the major indexes. Energy (XLE) and Financials (XLF) were joined at the hip, finding themselves at the top of the sector list on Monday and Wednesday and at the bottom of the list on Friday. However the days spent at the top were enough to allow them to end the week in 1st and 2nd place. However, Energy was the only sector that could keep gains to end the week in the positive. Consumer Discretionary (XLY) and Technology (XLK) took a beating throughout the week as investors moved away from these sectors fearing the impact of inflation and higher interest rates. Utilities (XLU) is usually in play when investors are nervous. It showed up at the top of the list on Tuesday and Thursday, but ended the week at the bottom of the list. The cyclical stocks Industrials (XLI) and Materials (XLB) outperformed the SPX for a second week. Along with Energy and Financials, these cyclical sectors were top performers for the whole month of February.
SP:SPX
by drewby4321
6