Posts

Showing posts from January 7, 2018

Charting

Image
It's not much, time-wise, but this is a graph (I know, I said "charting") of the S&P 500 sectors' performance during the year so far. Unexpectedly (probably) the top growth sectors are coming from the riskiest areas, while the staid, old-guard stocks are underperforming.  Make of it what you will, but so far, the growth in our market is coming from some surprising areas. It will be worthwhile to look at this again after earnings season, which kicks-of on Friday with the big banks. OK, so here's your chart.   I took a look at this today and, even though I don't put much faith in charting, some things are too difficult to ignore. It's a five-year chart of one of my favorite stocks, Salesforce.com (Symbol: CRM) If we go back to May of 2012, and draw a line along the peaks in the stock, we can see that it has achieved higher highs, all the way through to late July of 2017.  In addition, during that same time period, the lows have ...