US Market bull sectors outperforming

Generally the sector performance has being determined by the daily direction of the market with Bull days (>+0.5%) favouring Healthcare, Consumer Cyclicals, Technology and Basic Materials and Bear days (>-0.5%) favouring Academic & Educational Services, Consumer non-cyclicals, Financials and Utilities.

For a comparative map of stock performance in these sub sectors have a look in the Spotlight page on the site. Yesterday's sectors performance favoured the Bull stocks, with Materials performing strongly for the fourth consecutive day - they had underperformed over the last month.

Healthcare was oscillating daily between best and worst sector but has been strong now for the last two weeks. Note that between Nov23 and Feb24 the sector was +c50%, all of these gains reversed between Feb and June. Could the sector be on the verge of a strong run post Labor day?

A notable number of 52 week highs in pretty much all of the sectors, Basic Materials (Gold and non-Gold precious Metals), Financials (across the sector), Consumer non-Cyclicals (Food Processing, Non-Alcoholic Beverages), Consumer Cyclicals (Hotels & Entertaining, Media, Homebuilding and Specialty Retailers), Financials (across the sector), Healthcare (across the sector), Industrials (Personal & Commerical Services & Aerospace), Real Estate (Residential and Commercial REITs), Technology (Software and Technology Equipment) and Utilities (Electric & IPPs and Multiline).

Notable high volume in Consumer Cyclicals (across the sector), Financials (Banking Services AOMR, PBBK, PROV), Healthcare (Biotech and Pharma), Technology (Software and Online Services), Industrials (all ex Transport).

Trending Sub Industries - Gold, Aluminium, Speciality Chemicals, Footwear (BIRD, NKE), Personal Products (SKIN, DSY), Integrated Oil & Gas, Consumer Lending (UPST, TROO, QFIN, BFH, LDI, GDOT, TREE), Airport Operators (SKYH, CAAP), Office Services and Supplies, Phones and Handheld Devices (ZEPP, WTO), Semiconductor (ACMR, ONTO, FORM, ASYS, AMKR, ASX, KLAC), Independent Power Producers.