Electronics Sector Added to the Emerging Sector Strategy List

The Electronics sector was added to the Emerging Sector Strategy today.  This strategy identifies sectors that are emerging as leaders in the stock market.  Yesterday, the RS Rising % (short-term relative strength) reversed up for the Electronics sector causing it's status to improve to bull confirmed.  The RS Buy % (long-term RS) is also in a rising column of X's.  With both the RS charts rising we know stocks in this sector are performing better than the market overall.

The 10-Week chart is also in bull confirmed for the Electronics sector.  This indicates the short-term momentum for this sector is strong.  The only indicator that has not yet reversed up is the Bullish Percent chart.  It is in a column of O's, but the status is bull correction, indicating the decline on this chart is more of a correction than a bearish trend.  The current position is 38.69%, which a relatively low risk level.  If it can rise to 40% it will reverse up and the status will change to bull confirmed.  Should that occur, all cylinders will be firing for the electronics sector.

Review the Electronics stocks that appear on the Relative Strength and Emerging Leaders list at this time.  Select those with the best patterns on their point & figure and relative strength charts.

The Electronics sector now joins the Internet sector on the Emerging Sector Strategy list.   As the technical position for more sectors meet the criteria to be included in this strategy, it is a sign of strengthening market breadth and will help the current rally carry on for a while.  Enjoy it while it lasts. 

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