Sextant Market Letter

For Serious Students of the Stock Market

by Daniel Goulding, call (07) 4771 4577.

This research drills down deep. Daniel takes you on a ride where few in the industry have the knowledge to go. Click here for more detail. Key Concepts.

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Wednesday
May302012

Chart of the Week 29-5-12

By Daniel Goulding,

Key Concepts of the Sextant Market Letter.

The following chart compares the price action of the S&P/ASX 200 Consumer Discretionary Index and the S&P/ASX 200.

Consumer Discretionary is an early bull sector, that is, it outperforms the broader market during the early stages of a market cycle. It will underperform heading into the top of the market cycle.

While the Consumer Discretionary sector underperformed the ASX 200 over the last few months heading into the May-2012 top, it did peak at the same time (two days later in fact).

Subscribe now to The Sextant Market Letter to find out what this chart is signalling to investors.

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* This report was prepared by Daniel Goulding. It represents the views and opinions of the author. It is not intended for use by any third party, without the approval of Daniel Goulding. While this report is based on information from sources which are considered reliable, its accuracy and completeness cannot be guaranteed. Any opinions expressed reflect my judgment at this date and are subject to change. Daniel Goulding is an Authorised Representative No 259179 of Grow Your Wealth Pty Ltd ABN 60 130 727 981 AFSL No. 403509. Opinions, conclusions and other information expressed in this report are not given or endorsed by Grow Your Wealth Pty Ltd, unless otherwise indicated. The information contained in this Report is General Advice only, as the information or advice given does not take into account your particular objectives, financial situation or needs. Please Read Disclaimer.