Exploiting the edge from historical market patterns
Wednesday, November 18, 2009
More Large Cap Outperformance Among U.S. Stocks
Once again, we're seeing evidence of large caps outperforming other indexes and market sectors. The Dow Jones Industrial stocks (DIA; top chart) have been roaring to new bull highs, even as Russell 2000 issues (IWM; second chart from top) remain below their September and October peaks.
Meanwhile, regional banking stocks (KRE; second chart from bottom) and homebuilding shares (XHB; bottom chart) remain notable sector laggards in the wake of continued concerns over commercial and residential real estate markets. .