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Markets Overall

’22 Stock Market Crash – The Beginning or End?

Let’s look at last night’s sector strength chart based on the corresponding ETF averages; this week’s overall average has a strong bearish value of 3.91; are you surprised? 3.91 is worse than last week’s 4.38.

Two of the thirteen sectors tracked this week are in the bullish zone; there were four bullish sectors last week. The bullish sectors are Energy and Commodities The Financials sector and Foreign Stock Markets joined the bearish sectors from last week’s group.

Reviewing the individual charts, Energy has an average score of 6.06, with most of its strength starting in a little more than a week. The Commodities sector barely makes it into the bull category with a score of 4.58, let’s put some emphasis on the words – barely makes it into the bullish category.

Starting with the bearish sectors first is Non-US Stock Markets with a score of 4.18. Then follows Emerging Markets, averaging at 3.92. The third bearish sector is Real Estate, with a score of 3.87. Up next is the Bond sector, with a score of 3.71. Closely following Bonds is the Financial Sector with a score of 3.7. The Biotechnology sector scores 3.69. In quick succession, there are Precious Metals and Miners at 3.66, the Consumer Sector at 3.63, and Health Care with a score of 3.61. Tenth in the bearish group is US Stocks, with a score of 3.51. And finally, the last sector is Technology, with a meager score of 2.7. The interesting aspect about the Tech numbers is that the daily number never goes into the bullish zone. Tech is the only sector that does that.

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