Thursday, March 22, 2007

More On Yesterday's Markets

Yesterday the markets rallied after the Fed issued its policy statement. The overall averages were up on strong volume which is a bullish event. Let's look at a few of the largest market sectors to see where the real action was.

The financials did very well, mirroring the market's move with a strong bar on big volume.

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Consumer Discretionary also rose on solid volume


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While technology rose, notice the volume wasn't anywhere near as strong.

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And while the energy sector had decent volume, it wasn't anything like the level in the financials are consumer discretionary ETFs.

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Food for thought.