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Consumer Discretionary is in the middle of valuation rankings This has had an outsized impact on the Consumer Discretionary sector, as well. Since 2009, internet sales have grown from being 6.3% of the sector to over 20%. In terms of the market cap representation within the sector, 11 of the largest companies constituted 50% of the sector in 2009, with the largest single company (McDonalds) representing 7.6%. Now, just the top four companies comprise 50%, with the largest company (Amazon) coming in at nearly 30% of the weight. As we see a concentration of a sector like this, it leaves open the possibility that company-specific factors have an outsized influence on the overall sector relative performance and fundamentals. That’s something that we have to consider when assessing an overall sector. While revenue growth in the sector is being driven in large part by the internet sub-industry and may be softening, return on equity (ROE) is more evenly dispersed across the sector and is c...

As of now the market remains unchanged within support still above indicators while the long-term Trend in cyclical strengths are bullish. Meanwhile technical resistance stands at 85723 which we have succeeded exceeded and are currently trading Above  This level now offers technical support during any attempt to fall back in this market nevertheless are technical support lies at 56560 to which is holding at this time. A possible change in near-term trend is likely as we approach February 20/20 in the NASDAQ composite index consequently be on guard with this target the last cyclical event was a high establish back during November normally this implies that the next turning point should be a low however to date this Market has already exceeded the previous High established at 870591. It strongly implies we are in a cycle inversion process which tends to be rather bullish overall. Last month produced a high at 87059 close on the positive side and so far we have exceeded last month we...

Our pivot point is at 381.25. Our preference: the downside prevails as long as 381.25 is resistance. Alternative scenario: above 381.25, look for 382.75 and 383.50. Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Corn (CME) (H0) is trading under both its 20 and 50 period MA (respectively at 382.43 and 379.86). Finally, the Corn (CME) (H0) is trading below its lower Bollinger band (standing at 379.15).Resistances 381.25  382.75Supports 374.75 374.00