Sector XJO XEJ XFJ XTJ XMJ
Remember this published on the 5th February?
The XJO is trading over 5800 points, the highest since May 2008 but not all ships are rising with the tide.
This chart shows the performance of the individual sectors since the August 2011 lows, the real inflection point of prices.
What’s to notice about this graphic is the double bottom in the Materials and Energy sectors.
The ongoing observation is the turn down in the best performing sectors XHJ XTJ XFJ and the continuing
recovery of the worst performers XMJ XEJ.
This is where opportunity is found.
Below is the original chart from February.