Bespoke's Sector Snapshot

Along with our commodity snapshot, we start off the week with our sector snapshot that highlights the one-year trading ranges of the S&P 500 and its ten sectors.  The top of the red area is two standard deviations above the sector's 50-day moving average, and the bottom of the green area is two standard deviations below.  All sectors except for Financials and Health Care are currently trading in or above the red zone.  Energy, Materials and Technology are the most overbought sectors at the moment.  Since the March lows, most sectors have developed nice short-term uptrends, but at current overbought levels, sectors could see a pullback to the bottom of their upward sloping channels.