Which Sectors Will Benefit?
At just past the mid-point of trading, the
markets are quietly chopping in negative “Fed-Mode.”
Stocks were a little higher earlier after
Republicans won control of Congress in midterm elections and Wall Street sorted
out which sectors will benefit, while looking ahead to an expected interest-rate cut
from the Federal Reserve.
Midway through today’s session, the following
sector indices are experiencing significant strength: Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating), Defense
(
$DFX.X |
Quote |
Chart |
News |
PowerRating), DJ Auto Parts, MS
Healthcare Payor
(
$HMO.X |
Quote |
Chart |
News |
PowerRating), DJ Entertainment. Weak sectors:
DJ Wireless Com, DJ Lodging, Bank
(
$BKX.X |
Quote |
Chart |
News |
PowerRating), DJ Food
Bev, S&P Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating).
Odyssey Healthcare
(
ODSY |
Quote |
Chart |
News |
PowerRating) is breaking
out of a cup-and-handle pattern on the daily chart with strong volume. ODSY has
a
TradingMarkets.com RS3 rate of 81
and an up trending
ADX of
38.
Fox Entertainment
(
FOX |
Quote |
Chart |
News |
PowerRating) has broken out
above resistance to hit a 52-week high with increasing volume. FOX has a
TradingMarkets.com
RS3 rate of 82.
Nasdaq Market Breadth
Adv: 1961 UpVol: 6263634
Dec: 1398 DnVol: 3271611
Net: +563 Net: +2992023
NYSE Market Breadth
Adv: 1754 UpVol: 47623020
Dec: 1395 DnVol: 31565063
Net: +359 Net: +16057957