AllTechnical Analysis
logoArgusApril 29, 2021

Technical Assessment: Bullish in the Intermediate-Term

Intermediate Term
Long Term

Over the past six months, Energy (XLE) leads the 11 S&P sectors with an 85% advance. Financial Services (XLF) is in second place, up 54%. But over the past month, XLE is last, down 1%, while Consumer Discretionary (XLY), Communications Services (XLC), and Technology (XLK) lead, all up about 7%. Indeed, growth stocks have made a nice comeback as value stocks have taken a breather after some hot action from November to March.

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