Interesting patterns

In today's dull market at best, the leading sectors were very strong.

The metals (XME) were up 2.67% (click on the chart to enlarge it), insurance (KIE)+ 2.15%, real estate (IYR) +2.55%, financials (XLF) + 2.70%, and regional banks (KRE) +2.48%.

I found interesting (constructive?) that metals, real state, and financial stocks -- a fairly diverse group of sectors -- were much stronger that the broad averages.

Is this pattern telling us to look for a summer rally? I sure hope so.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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