|
| Current 'Hot' and 'Cold' Sectors |
The relative strength comparison (RSC) takes
the progression in price of one instrument and compares it to another.
If a share displays a positive relative strength in comparison to the
All Ordinaries Index, this is a bullish sign. This share would have, in
effect, been outperforming the index.
This section of the website now reports on the new Globally Standardised Industry Classifications (GICS). These sector classifications have recently been phased in as a Standard and Poor's initiative to standardise industry classifications on a world-wide basis. These classifications are now the predominant way to observe the Relative Strength of each sector or Index. The
ultimate aim is to take long positions in shares that have been
outperforming their sector, in sectors that have been outperforming the
All Ordinaries Index. I prefer to take short positions in shares that
have been underperforming their sector, in sectors that have been
underperforming the All Ordinaries Index. This analysis was performed
using Market Master software which is a ShareFinder
product. For information about the shares included in each sector or
Index, refer to http://www.asx.com.au/research/indices/description.htm.
Based on this analysis, here are the current Hot and Cold Sectors:
|
|
|
Copyright