Wednesday, February 22, 2017

Rotation Continues

Rotation Continues 2/22/2017
I don't have much to add from last month's post because not much has changed.  The market's uptrend continues despite just about everyone saying how overbought it has been.  Its continues to rotate from group to group.  It really hasn't picked up new groups to move higher, but it seems to be moving back and forth between banks, investment bankers, steels, semi conductor equipment and manufacturing.  If you have a shorter term time frame you have to move to the group that hasn't run in the last couple weeks. One area that seems to picking up is the emerging markets.  The relative strength of that index has been in an uptrend since the November.

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