Before I start exploring Australian stocks market, I am thinking of identifying some strong sectors. XMJ (GICS Materials) and XHJ (GICS Health Care) sectors caught my attention at the moment.
I did a relative strength comparative between individual sector and XJO (S&P/ASX 200). Basically, I am trying to see the performance of the sector index in relative to major index. I am using S&P/ASX200 as my base index.
Health care sector look rather strong at the moment , while Material sector is making a come back now. I hope I have some time to examine some stocks in these sectors, or I might just trade the sector indices directly via CFD.
[photopress:XHJ07Sep2007.jpg,full,alignleft]
[photopress:XMJ07Sep2007.jpg,full,alignleft]
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