Consumer Discretionary Still Leading, Technology Not

Two sectors which helped to lead the market higher over the last twelve months were Consumer Discretionary and Technology.  In 2010, however, the paths of these two sectors have diverged.  The charts below show the relative strength of both sectors versus the S&P 500 over the last twelve months.  When the line is rising, the sector is outperforming the S&P 500 and vice versa for a falling line.  As shown in the charts, even after the 14% decline in the S&P 500, the Consumer Discretionary sector remains near its highs in terms of relative strength.  The technology sector, however, has run into a wall.  After peaking on a relative basis back at the end of 2009, the sector's relative strength has been making a string of lower highs.  In order for the market to resume its uptrend, bulls need tech to get back on track. 

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[nfljerseyonline]

The footballers who supported the bans on playing for dummy 'multi-racial' teams during the apartheid era. The heroes of the African game who deployed their prowess on the dusty township football parks (you could hardly call them stadiums). Often accompanied by choirs of fans singing their hearts out, and not the obvious borrowed-from-Britain anthems and hymns (ironically, the mound occupied by the Liverpool choir at Anfield was an abbreviation of the Afrikaans word for hill — 'kopje') who mixed their adulation for the players with some rousing calls to arms in the struggle for freedom, most of which were not understood by the authorities, who rarely went to black football games during the apartheid era.