Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2....

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Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled 10. untitled 11. untitled 12. untitled 13. untitled 14. untitled continued...

Transcript of Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2....

Page 1: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

Yardeni Research, Inc.

S&P 500 & 400 Sectors(daily)

1. untitled2. untitled3. untitled4. untitled5. untitled6. untitled7. untitled8. untitled9. untitled

10. untitled11. untitled12. untitled13. untitled14. untitled

continued...

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continued...

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continued...

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90. untitled91. untitled92. untitled93. untitled94. untitled95. untitled96. untitled97. untitled98. untitled99. untitled

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© Copyright Yardeni Research, Inc. 2012. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and itsaccuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. Additional Information Available on Request.

Doc: SECTOR_C Assembled Wednesday, 03/14/2012 05:09 PM

Page 6: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 200180

90

100

110

120

130

140

150

160

S&P 500: Basic Materials

BASIC MATERIALS INDEX_______________________

***** Chart Not Available *****

Task: SPBMIS

Invalid calculation element [SPSTEELSUBX]

03-14-2012 - 01:32:15

***** Chart Not Available *****

Task: SPBMA

Invalid calculation element [SPALUMSUBX]

03-14-2012 - 01:32:14

***** Chart Not Available *****

Task: SPBMMET

Invalid calculation element [SPDIVMETMINSUBX]

03-14-2012 - 01:32:16

***** Chart Not Available *****

Task: SPBMPAP

Invalid calculation element [SPPAPERPRODSUBX]

03-14-2012 - 01:32:16

***** Chart Not Available *****

Task: SPBMAG

Invalid calculation element [SPGOLDSUBX]

03-14-2012 - 01:32:14

***** Chart Not Available *****

Task: SPBMC

Invalid calculation element [SPSPECCHEMICALSUBX]

03-14-2012 - 01:32:14

***** Chart Not Available *****

Task: SPBMGLD

Invalid calculation element [SPCONSTRMATSUBX]

03-14-2012 - 01:32:15

Page 7: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 200170

80

90

100

110

120

130

140

150

S&P 400: Basic Materials

BASIC MATERIALS INDEX______________________

***** Chart Not Available *****

Task: SPBMIS4

Invalid calculation element [M4151A2]

03-14-2012 - 01:32:161996 1997 1998 1999 2000 2001 2002

0

50

100

150

200

4/4

ALUMINUM__________MXM

1998 1999 2000 2001 2002 2003 2004 2005 20060

200

400

600

800

12/29

DIVERSIFIED METALS & MINING____________________________FCX PD

200-day moving average.Source: Standard & Poor’s Corporation.

***** Chart Not Available *****

Task: SPBMPAP4

Invalid calculation element [SP4PAPERPRODSUBX]

03-14-2012 - 01:32:16

***** Chart Not Available *****

Task: SPBMAG4

Invalid calculation element [SP4FERTAGRCHEMSUBX]

03-14-2012 - 01:32:14

***** Chart Not Available *****

Task: SPBMC4

Invalid calculation element [SP4PAPERPACKSUBX]

03-14-2012 - 01:32:14

***** Chart Not Available *****

Task: SPBMCON4

Invalid calculation element [SP4CONSTRMATSUBX]

03-14-2012 - 01:32:15

Page 8: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 2001400

500

600

700

800

900

1000

1100

1200

1300

S&P 500: Capital Goods

CAPITAL GOODS INDEX_____________________

***** Chart Not Available *****

Task: SPCGCONT

Invalid calculation element [SPBLDGPRODSUBX]

03-14-2012 - 01:32:49

***** Chart Not Available *****

Task: SPCGELEC

Invalid calculation element [SPINDCONGSUBX]

03-14-2012 - 01:32:49

***** Chart Not Available *****

Task: SPCGAERO

Invalid calculation element [SPAEROSUBX]

03-14-2012 - 01:32:49

***** Chart Not Available *****

Task: SPCGMFG

Invalid calculation element [SPCONSTENGSUBX]

03-14-2012 - 01:32:50

***** Chart Not Available *****

Task: SPCGTRK

Invalid calculation element [S5451B2]

03-14-2012 - 01:32:51

***** Chart Not Available *****

Task: SPCGMACH

Invalid calculation element [SPINDMACHSUBX]

03-14-2012 - 01:32:50

***** Chart Not Available *****

Task: SPCGWAS

Invalid calculation element [SPENVIROSRVSUBX]

03-14-2012 - 01:32:51

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1996 1997 1998 1999 2000 200150

100

150

200

250

S&P 400: Capital Goods

CAPITAL GOODS INDEX_____________________

***** Chart Not Available *****

Task: SPCGENG4

Invalid calculation element [SP4BLDGPRODSUBX]

03-14-2012 - 01:32:50

***** Chart Not Available *****

Task: SPCGELE4

Invalid calculation element [SP4INDCONGSUBX]

03-14-2012 - 01:32:49

***** Chart Not Available *****

Task: SPCGAER4

Invalid calculation element [SP4AEROSUBX]

03-14-2012 - 01:32:49

***** Chart Not Available *****

Task: SPCGMFG4

Invalid calculation element [SP4CONSTENGSUBX]

03-14-2012 - 01:32:50

***** Chart Not Available *****

Task: SPCGMTF4

Invalid calculation element [S4451B2]

03-14-2012 - 01:32:51

***** Chart Not Available *****

Task: SPCGMAC4

Invalid calculation element [SP4INDMACHSUBX]

03-14-2012 - 01:32:50

***** Chart Not Available *****

Task: SPCGOFF4

Invalid calculation element [SP4OFFSRVSUPSUBX]

03-14-2012 - 01:32:51

Page 10: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 200190

130

170

210

250

290

S&P 500: Consumer Cyclicals

CONSUMER CYCLICALS INDEX____________________________

***** Chart Not Available *****

Task: SPCD7

Invalid calculation element [SPHFURSUBX]

03-14-2012 - 01:32:40

***** Chart Not Available *****

Task: SPCD1

Invalid calculation element [SPAUTOMFSUBX]

03-14-2012 - 01:32:37

***** Chart Not Available *****

Task: SPCD2

Invalid calculation element [SPPUBPRINTSUBX]

03-14-2012 - 01:32:39

***** Chart Not Available *****

Task: SPCD5

Invalid calculation element [SPHOMEBLDGSUBX]

03-14-2012 - 01:32:40

***** Chart Not Available *****

Task: SPCD9

Invalid calculation element [SPTVSUBX]

03-14-2012 - 01:32:41

***** Chart Not Available *****

Task: SPCD3

Invalid calculation element [SPHSWSSPECSUBX]

03-14-2012 - 01:32:39

***** Chart Not Available *****

Task: SPCD10

Invalid calculation element [SPADVERTISINGSUBX]

03-14-2012 - 01:32:37

Page 11: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 200190

130

170

210

250

S&P 400: Consumer Cyclicals

CONSUMER CYCLICALS INDEX___________________________

***** Chart Not Available *****

Task: SPCCHSE

Invalid calculation element [SP4HFURSUBX]

03-14-2012 - 01:32:36

***** Chart Not Available *****

Task: SPCCAUT4

Invalid calculation element [SP4AUTOPTAMKTSUBX]

03-14-2012 - 01:32:35

***** Chart Not Available *****

Task: SPCCPUB4

Invalid calculation element [SP4PUBPRINTSUBX]

03-14-2012 - 01:32:36

***** Chart Not Available *****

Task: SPCCHB4

Invalid calculation element [SP4HOMEBLDGSUBX]

03-14-2012 - 01:32:35

***** Chart Not Available *****

Task: SPCCNEW4

Invalid calculation element [SP4TVSUBX]

03-14-2012 - 01:32:361996 1997 1998 1999 2000 2001 2002

0

50

100

150

6/5

BUILDING MATERIALS____________________USG

200-day moving average.

***** Chart Not Available *****

Task: SPCCAD4

Invalid calculation element [SP4ADVERTISINGSUBX]

03-14-2012 - 01:32:35

Page 12: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

***** Chart Not Available *****

Task: XSPCD11

Invalid calculation element [SPRETAILCX]

03-14-2012 - 01:46:42

***** Chart Not Available *****

Task: SPCD20

Invalid calculation element [SPRESTAURANTSUBX]

03-14-2012 - 01:32:39

***** Chart Not Available *****

Task: SPCD12

Invalid calculation element [SPRETHOMEIMPSUBX]

03-14-2012 - 01:32:37

***** Chart Not Available *****

Task: SPCD16

Invalid calculation element [SPGMSTORESUBX]

03-14-2012 - 01:32:38

***** Chart Not Available *****

Task: SPCD13

Invalid calculation element [SPRETCOMPSUBX]

03-14-2012 - 01:32:38

***** Chart Not Available *****

Task: SPCD17

Invalid calculation element [SPSPECSTORESUBX]

03-14-2012 - 01:32:38

***** Chart Not Available *****

Task: SPCD14

Invalid calculation element [SPDEPTSTORESUBX]

03-14-2012 - 01:32:38

***** Chart Not Available *****

Task: SPCD18

Invalid calculation element [SPRETAPPSUBX]

03-14-2012 - 01:32:38

Page 13: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 20010

100

200

300

400

500

600

700

S&P 400: Consumer Cyclicals (cont)

RETAIL (DISCOUNTERS)_____________________DLTR FDO ROST

***** Chart Not Available *****

Task: SPRETFD4

Invalid calculation element [S4253A4]

03-14-2012 - 01:34:52

***** Chart Not Available *****

Task: SPRETBS4

COMPOSE command attempted on missing data

03-14-2012 - 01:34:50

***** Chart Not Available *****

Task: SPRETGM4

Invalid calculation element [S4255C2]

03-14-2012 - 01:34:53

***** Chart Not Available *****

Task: SPRETC4

Invalid calculation element [SP4RETCOMPSUBX]

03-14-2012 - 01:34:51

***** Chart Not Available *****

Task: SPRETSP4

Invalid calculation element [SP4SPECSTORESUBX]

03-14-2012 - 01:34:54

***** Chart Not Available *****

Task: SPRETDP4

Invalid calculation element [SP4DEPTSTORESUBX]

03-14-2012 - 01:34:51

***** Chart Not Available *****

Task: SPRETSA4

Invalid calculation element [SP4RETAPPSUBX]

03-14-2012 - 01:34:53

Page 14: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 200180

100

120

140

160

180

200

220

S&P 500: Consumer Staples

CONSUMER STAPLES INDEX_________________________

***** Chart Not Available *****

Task: SPCS1

Invalid calculation element [SPDISTVINTSUBX]

03-14-2012 - 01:32:57

***** Chart Not Available *****

Task: SPCS2

Invalid calculation element [SPRETFOODSUBX]

03-14-2012 - 01:32:57

***** Chart Not Available *****

Task: SPCS3

Invalid calculation element [SPSOFTDRINKSUBX]

03-14-2012 - 01:32:58

***** Chart Not Available *****

Task: SPCS4

Invalid calculation element [SPPERSPRODSUBX]

03-14-2012 - 01:32:58

***** Chart Not Available *****

Task: SPCS5

Invalid calculation element [SPAGRPRODSUBX]

03-14-2012 - 01:32:58

***** Chart Not Available *****

Task: SPCS6

Invalid calculation element [SPHOUSEPRODSUBX]

03-14-2012 - 01:32:59

***** Chart Not Available *****

Task: SPCS7

Invalid calculation element [SPTOBSUBX]

03-14-2012 - 01:32:59

Page 15: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 200180

100

120

140

160

180

200

220

S&P 400: Consumer Staples

CONSUMER STAPLES INDEX_________________________

***** Chart Not Available *****

Task: SPCSNA4

Invalid calculation element [SP4SOFTDRINKSUBX]

03-14-2012 - 01:33:04

***** Chart Not Available *****

Task: SPCSFD4

Invalid calculation element [SP4RETFOODSUBX]

03-14-2012 - 01:33:02

***** Chart Not Available *****

Task: SPCSHP4

Invalid calculation element [SP4PACKFOODSUBX]

03-14-2012 - 01:33:03

***** Chart Not Available *****

Task: SPCSPC4

Invalid calculation element [S4301A4]

03-14-2012 - 01:33:04

***** Chart Not Available *****

Task: SPCSRES4

Invalid calculation element [S4303A]

03-14-2012 - 01:33:05

***** Chart Not Available *****

Task: SPCSSP4

Invalid calculation element [SP4TOBSUBX]

03-14-2012 - 01:33:05

Page 16: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 200140

60

80

100

120

140

160

180

S&P 500: Financials

FINANCIALS INDEX_________________

***** Chart Not Available *****

Task: SPFIN3

Invalid calculation element [SPINSURBRKSUBX]

03-14-2012 - 01:33:38

***** Chart Not Available *****

Task: SPFIN4

Invalid calculation element [S5401]

03-14-2012 - 01:33:38

***** Chart Not Available *****

Task: SPFIN6

Invalid calculation element [SPINSLIFESUBX]

03-14-2012 - 01:33:39

***** Chart Not Available *****

Task: SPFIN2

Invalid calculation element [S5404A1]

03-14-2012 - 01:33:37

***** Chart Not Available *****

Task: SPFIN1

Invalid calculation element [SPINSPROPSUBX]

03-14-2012 - 01:33:37

***** Chart Not Available *****

Task: SPFIN9

Invalid calculation element [SPDIVFINANSUBX]

03-14-2012 - 01:33:39

***** Chart Not Available *****

Task: SPFIN5

Invalid calculation element [S5402]

03-14-2012 - 01:33:38

Page 17: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 2001200

300

400

500

600

700

800

900

S&P 400: Financials

FINANCIALS INDEX_________________

***** Chart Not Available *****

Task: SPFBK4

Invalid calculation element [SP4INSURBRKSUBX]

03-14-2012 - 01:33:33

***** Chart Not Available *****

Task: SPFMRBK4

Invalid calculation element [S4401]

03-14-2012 - 01:33:48

***** Chart Not Available *****

Task: SPFLIFE4

Invalid calculation element [SP4INSLIFESUBX]

03-14-2012 - 01:33:48

***** Chart Not Available *****

Task: SPFSL4

Invalid calculation element [S4404A1]

03-14-2012 - 01:33:55

***** Chart Not Available *****

Task: SPFPROP4

Invalid calculation element [SP4INSPROPSUBX]

03-14-2012 - 01:33:55

***** Chart Not Available *****

Task: SPFFDIV4

Invalid calculation element [SP4DIVFINANSUBX]

03-14-2012 - 01:33:36

***** Chart Not Available *****

Task: SPFCF4

Invalid calculation element [S4402]

03-14-2012 - 01:33:34

Page 18: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 2001200

300

400

500

600

700

800

900

1000

S&P 500: Health Care

HEALTH CARE INDEX___________________

***** Chart Not Available *****

Task: SPHC1

Invalid calculation element [SPHEALTHFACSUBX]

03-14-2012 - 01:34:02

***** Chart Not Available *****

Task: SPHC6

Invalid calculation element [SPPHMSUBX]

03-14-2012 - 01:34:03

***** Chart Not Available *****

Task: SPHC3

Invalid calculation element [SPMNGHEALTHSUBX]

03-14-2012 - 01:34:02

***** Chart Not Available *****

Task: SPHC5

Invalid calculation element [SPHEALTHEQSUBX]

03-14-2012 - 01:34:03

***** Chart Not Available *****

Task: SPHC7

Invalid calculation element [S5351B]

03-14-2012 - 01:34:03

***** Chart Not Available *****

Task: SPHC4

Invalid calculation element [SPHEALTHSUPSUBX]

03-14-2012 - 01:34:03

***** Chart Not Available *****

Task: SPHC2

Invalid calculation element [SPBIOSUBX]

03-14-2012 - 01:34:02

Page 19: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 200150

100

150

200

S&P 400: Health Care

HEALTH CARE INDEX___________________

98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 1450

100

150

200

250

3/14

S&P 400 HEALTH CARE FACILITIES______________________________CYH LPNT TRI UHS WOOF

98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 140

200

400

600

800

1000

3/14

S&P 400 PHARMACEUTICALS_________________________MRX PRGO PRX SEPR VRX

200-day moving average.Source: Standard & Poor’s Corporation.

98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 140

100

200

300

400

3/14

S&P 400 MANAGED HEALTH CARE______________________________HNT

yardeni.com

98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14225

275

325

375

425

475

525

575

625

675

725

3/14

S&P 400 HEALTH CARE EQUIPMENT_______________________________BEC CYTC EW EYE HB IMDC ISRG STEVAR VARI

98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14200

250

300

350

400

450

500

550

3/14

S&P 400 HEALTH CARE DISTRIBUTORS___________________________________HSIC

Source: Standard & Poor’s Corporation.

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 201050

100

150

200

250

300

350

400

450

500

550

11/12

S&P 400 HEALTH CARE SUPPLIES_____________________________GPRO XRAY

98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14300

400

500

600

700

800

900

1000

1100

3/14

S&P 400 BIOTECHNOLOGY_______________________AFFX CEPH CRL IVGN MATK MLNM PDLITECH VRTX

Page 20: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 2001300

700

1100

1500

1900

2300

2700

3100

S&P 500: Technology

TECHNOLOGY COMPOSITE INDEX______________________________

***** Chart Not Available *****

Task: SPTECH3

Invalid calculation element [SPEQPSEMISUBX]

03-14-2012 - 01:35:10

***** Chart Not Available *****

Task: SPTECH2

Invalid calculation element [SPHARDWARESUBX]

03-14-2012 - 01:35:10

***** Chart Not Available *****

Task: SPTECH4

Invalid calculation element [S5452C1]

03-14-2012 - 01:35:10

***** Chart Not Available *****

Task: SPTECH9

Invalid calculation element [S5452A]

03-14-2012 - 01:35:12

***** Chart Not Available *****

Task: SPTECH6

Invalid calculation element [SPAPPSFTWSUBX]

03-14-2012 - 01:35:11

***** Chart Not Available *****

Task: SPTECH1

Invalid calculation element [SPSEMISUBX]

03-14-2012 - 01:35:08

***** Chart Not Available *****

Task: SPTECH7

Invalid calculation element [SPSYSSFTWSUBX]

03-14-2012 - 01:35:11

Page 21: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 20010

200

400

600

800

S&P 400: Technology

TECHNOLOGY COMPOSITE INDEX______________________________

1996 1997 1998 1999 2000 2001 20020

200

400

600

800

12/31

ELECTRONICS (SEMICONDUCTORS)________________________________ATML CRUS CY DSPG IDTI IRF ITXXLSCC MCRL MCHP MIPSB RFMDSMTC TXCC TQNT

***** Chart Not Available *****

Task: SPTECHW4

Invalid calculation element [SP4COMPSTOREPSUBX]

03-14-2012 - 01:35:13

***** Chart Not Available *****

Task: SPTECNW4

Invalid calculation element [S4452C1]

03-14-2012 - 01:35:13

1996 1997 1998 1999 2000 2001 2002 2003 2004890

900

910

920

930

940

AprCOMMUNICATIONS EQUIPMENT___________________________ADTN AFCI CTV HRS PLCM PLT PWAV AVCT COMS MCDTA

***** Chart Not Available *****

Task: SPTECSW4

Invalid calculation element [SP4APPSFTWSUBX]

03-14-2012 - 01:35:13

***** Chart Not Available *****

Task: SPTECSM4

Invalid calculation element [SP4SEMISUBX]

03-14-2012 - 01:35:13

***** Chart Not Available *****

Task: SPTECDP4

Invalid calculation element [SP4SYSSFTWSUBX]

03-14-2012 - 01:35:08

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1996 1997 1998 1999 2000 200120

30

40

50

60

70

80

90

S&P 500: Transportation & Energy

AIR FREIGHT____________FDX

***** Chart Not Available *****

Task: SPTE2

Invalid calculation element [SPOILGASDRILLSUBX]

03-14-2012 - 01:35:06

***** Chart Not Available *****

Task: SPTE3

Invalid calculation element [SPAIRSUBX]

03-14-2012 - 01:35:06

***** Chart Not Available *****

Task: SPTE4

Invalid calculation element [SPOILGASXPRDSUBX]

03-14-2012 - 01:35:06

***** Chart Not Available *****

Task: SPTE5

Invalid calculation element [SPRAILSUBX]

03-14-2012 - 01:35:06

***** Chart Not Available *****

Task: SPTE6

Invalid calculation element [SPOILGASRMSUBX]

03-14-2012 - 01:35:06

***** Chart Not Available *****

Task: SPTE7

Invalid calculation element [SPTRUCKINGSUBX]

03-14-2012 - 01:35:06

***** Chart Not Available *****

Task: SPTE8

Invalid calculation element [SPINTOILGASSUBX]

03-14-2012 - 01:35:07

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1996 1997 1998 1999 2000 200150

75

100

125

150

175

200

225

250

275

S&P 400: Transportation & Energy

AIR FREIGHT___________ABF CGO EAGL EXPD

***** Chart Not Available *****

Task: SPEDRIL4

Invalid calculation element [SP4OILGASDRILLSUBX]

03-14-2012 - 01:33:13

***** Chart Not Available *****

Task: SPTRAIR4

Invalid calculation element [SP4AIRSUBX]

03-14-2012 - 01:35:20

***** Chart Not Available *****

Task: SPEEXP4

Invalid calculation element [SP4OILGASXPRDSUBX]

03-14-2012 - 01:33:13

***** Chart Not Available *****

Task: SPEREF4

Invalid calculation element [SP4OILGASRMSUBX]

03-14-2012 - 01:33:32

1998 1999 2000 2001 2002 2003 2004 2005 200620

40

60

80

100

120

12/29

TRUCKING__________SWFT WERN

200-day moving average.

Source: Standard & Poor’s Corporation.

Page 24: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 200180

100

120

140

160

180

200

220

240

260

280

S&P 500: Communications Services & Utilities

COMMUNICATIONS SERVICE INDEX________________________________

***** Chart Not Available *****

Task: SPUTL

Invalid calculation element [SPUTILSECX]

03-14-2012 - 01:35:28

***** Chart Not Available *****

Task: SPCSCELL

Invalid calculation element [SPWLESSTELSUBX]

03-14-2012 - 01:33:01

***** Chart Not Available *****

Task: SPUTLECO

Invalid calculation element [SPELECTRICUTSUBX]

03-14-2012 - 01:35:29

***** Chart Not Available *****

Task: SPCSLD

Invalid calculation element [SPALTCARRIERSUBX]

03-14-2012 - 01:33:03

***** Chart Not Available *****

Task: SPUTLGAS

Invalid calculation element [SPGASUTLSUBX]

03-14-2012 - 01:35:29

***** Chart Not Available *****

Task: SPCSTEL

Invalid calculation element [SPINTTELSUBX]

03-14-2012 - 01:33:061996 1997 1998 1999 2000 2001 2002 2003 2004

7.5

7.0

6.5

6.0

5.5

5.0

4.5

4.0

3.510-YEAR GOVERNMENT BOND YIELD(inverted scale)

yardeni.com

Page 25: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

1996 1997 1998 1999 2000 200150

100

150

200

250

300

350

400

450

S&P 400: Communications Services & Utilities

COMMUNICATIONS SERVICE INDEX________________________________

***** Chart Not Available *****

Task: SPUTL4

Invalid calculation element [SP4UTILSECX]

03-14-2012 - 01:35:28

***** Chart Not Available *****

Task: SPCSCEL4

Invalid calculation element [SP4WLESSTELSUBX]

03-14-2012 - 01:33:01

***** Chart Not Available *****

Task: SPUTLEL4

Invalid calculation element [SP4ELECTRICUTSUBX]

03-14-2012 - 01:35:29

***** Chart Not Available *****

Task: SPCSTEL4

Invalid calculation element [SP4INTTELSUBX]

03-14-2012 - 01:33:06

***** Chart Not Available *****

Task: SPUTLGA4

Invalid calculation element [SP4GASUTLSUBX]

03-14-2012 - 01:35:29

Page 26: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

***** Chart Not Available *****

Task: XSXEMAT

Invalid calculation element [JL@EUROMATSEC]

03-14-2012 - 01:46:50

04 05 06 07 08 09 10 11 12 1370

90

110

130

150

170

190

210

230

250

270

3/14

CHEMICALS

200-day moving average

Source: Morgan Stanley Capital International.

04 05 06 07 08 09 10 11 12 1360

80

100

120

140

160

180

200

220

240

3/14

CONSTRUCTION MATERIALS

04 05 06 07 08 09 10 11 12 13100

120

140

160

180

200

220

240

260

280

300

320

340

360

380

3/14

CONTAINERS & PACKAGING

yardeni.com

04 05 06 07 08 09 10 11 12 13100

150

200

250

300

350

400

450

500

550

600

650

700

750

800

3/14

METALS & MINING

04 05 06 07 08 09 10 11 12 1340

60

80

100

120

140

160

180

200

220

240

3/14

PAPER & FOREST PRODUCTS

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***** Chart Not Available *****

Task: XSXEINDU

Invalid calculation element [JL@EUROINDSEC]

03-14-2012 - 01:46:50

04 05 06 07 08 09 10 11 12 1390

110

130

150

170

190

210

230

250

270

3/14

CAPITAL GOODS

04 05 06 07 08 09 10 11 12 1340

60

80

100

120

140

3/14

AEROSPACE & DEFENSE

04 05 06 07 08 09 10 11 12 1360

100

140

180

220

260

300

340

3/14

BUILDING PRODUCTS

04 05 06 07 08 09 10 11 12 1375

125

175

225

275

325

375

425

475

525

575

3/14

CONSTRUCTION & ENGINEERING

yardeni.com

04 05 06 07 08 09 10 11 12 1320

40

60

80

100

120

140

160

180

200

220

3/14

ELECTRICAL EQUIPMENT

04 05 06 07 08 09 10 11 12 1350

90

130

170

210

250

290

330

3/14

MACHINERY

04 05 06 07 08 09 10 11 12 1350

75

100

125

150

175

200

225

250

275

300

3/14

INDUSTRIAL CONGLOMERATES

200-day moving averageSource: Morgan Stanley Capital International.

Page 28: Yardeni Research, Inc. · Yardeni Research, Inc. S&P 500 & 400 Sectors (daily) 1. untitled 2. untitled 3. untitled 4. untitled 5. untitled 6. untitled 7. untitled 8. untitled 9. untitled

***** Chart Not Available *****

Task: XSXECSER

Invalid calculation element [JL@EUROCOMMSERVIND]

03-14-2012 - 01:46:49

04 05 06 07 08 09 10 11 12 1340

50

60

70

80

90

100

110

120

130

140

150

160

170

3/14

TRANSPORTATION

04 05 06 07 08 09 10 11 12 1320

40

60

80

100

120

140

160

180

3/14

TRADING COMPANIES & DISTRIBUTORS

04 05 06 07 08 09 10 11 12 1325

35

45

55

65

75

85

95

105

115

125

135

3/14

AIRLINES

04 05 06 07 08 09 10 11 12 1325

35

45

55

65

75

85

95

105

115

125

135

145

3/14

AIR FREIGHT & COURIERS

200-day moving average

Source: Morgan Stanley Capital International.

04 05 06 07 08 09 10 11 12 135

10

15

20

25

3/14

ROAD & RAIL

yardeni.com

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***** Chart Not Available *****

Task: XSXECDIS

Invalid calculation element [JL@EUROCONDISSEC]

03-14-2012 - 01:46:49

04 05 06 07 08 09 10 11 12 1330

50

70

90

110

130

150

170

190

3/14

AUTOMOBILES & COMPONENTS

04 05 06 07 08 09 10 11 12 1310

30

50

70

90

110

3/14

HOUSEHOLD DURABLES

04 05 06 07 08 09 10 11 12 1350

70

90

110

130

150

170

3/14

HOTELS, RESTAURANTS & LEISURE

04 05 06 07 08 09 10 11 12 1350

100

150

200

250

300

350

400

3/14TEXTILES & APPAREL

200-day moving averageSource: Morgan Stanley Capital International.

yardeni.com

***** Chart Not Available *****

Task: SXELEIS

Invalid calculation element [EULSQL]

03-14-2012 - 01:36:28

04 05 06 07 08 09 10 11 12 1340

60

80

100

3/14

MEDIA

04 05 06 07 08 09 10 11 12 1350

70

90

110

130

150

3/14

RETAILING

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***** Chart Not Available *****

Task: XSXESTAP

Invalid calculation element [JL@EUROCONSSEC]

03-14-2012 - 01:46:50

04 05 06 07 08 09 10 11 12 1370

80

90

100

110

120

130

140

150

160

3/14

FOOD PRODUCTS

04 05 06 07 08 09 10 11 12 1360

80

100

120

140

160

180

200

220

240

2603/14BEVERAGES

04 05 06 07 08 09 10 11 12 13120

160

200

240

280

320

360

400

440

480

5203/14TOBACCO

yardeni.com

04 05 06 07 08 09 10 11 12 1360

70

80

90

100

110

120

3/14

FOOD & DRUG RETAILING

200-day moving average

Source: Morgan Stanley Capital International.

04 05 06 07 08 09 10 11 12 1380

90

100

110

120

130

140

150

160

170

180

190

3/14

PERSONAL PRODUCTS

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***** Chart Not Available *****

Task: XSXEHLTH

Invalid calculation element [JL@EUROHLTHSEC]

03-14-2012 - 01:46:49

04 05 06 07 08 09 10 11 12 13110

130

150

170

190

210

230

250

270

3/14

HEALTH CARE EQUIPMENT & SUPPLIES

yardeni.com

200-day moving average

Source: Morgan Stanley Capital International.

04 05 06 07 08 09 10 11 12 1360

80

100

120

140

160

180

200

3/14

HEALTH CARE PROVIDERS & SERVICES

04 05 06 07 08 09 10 11 12 1360

70

80

90

100

110

120

3/14

PHARMACEUTICALS

04 05 06 07 08 09 10 11 12 1350

75

100

125

150

175

3/14

BIOTECHNOLOGY

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***** Chart Not Available *****

Task: XSXEFIN

Invalid calculation element [JL@EUROFINANSEC]

03-14-2012 - 01:46:49

04 05 06 07 08 09 10 11 12 1350

60

70

80

90

100

110

3/14

TELECOMMUNICATION SERVICES

04 05 06 07 08 09 10 11 12 1320

40

60

80

100

120

140

160

180

3/14

BANKS

04 05 06 07 08 09 10 11 12 1340

50

60

70

80

90

3/14

DIVERSIFIED TELECOMMUNICATIONSERVICES

04 05 06 07 08 09 10 11 12 130

25

50

75

100

125

150

3/14

DIVERSIFIED FINANCIALS

04 05 06 07 08 09 10 11 12 1340

80

120

160

3/14

WIRELESS TELECOMMUNICATION SERVICES

04 05 06 07 08 09 10 11 12 1310

30

50

70

90

3/14

yardeni.com

INSURANCE

200-day moving averageSource: Morgan Stanley Capital International.

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***** Chart Not Available *****

Task: XSXETECH

Invalid calculation element [JL@EUROINFOTECHSEC]

03-14-2012 - 01:46:50

04 05 06 07 08 09 10 11 12 1350

60

70

80

90

100

110

120

130 3/14SOFTWARE

***** Chart Not Available *****

Task: SXESEMI

Invalid calculation element [JL@EUROSMCOEQPRIND]

03-14-2012 - 01:36:31

04 05 06 07 08 09 10 11 12 1320

40

60

80

3/14

INTERNET SOFTWARE & SERVICES INDEX

200-day moving averageSource: Morgan Stanley Capital International.

***** Chart Not Available *****

Task: SXEELEC

Invalid calculation element [EUEQIL]

03-14-2012 - 01:36:24

04 05 06 07 08 09 10 11 12 1320

30

40

50

60

70

80

3/14

OFFICE ELECTRONICS

04 05 06 07 08 09 10 11 12 136

8

10

12

14

16

18

20

22

24

26

28

3/14

IT CONSULTING & SERVICES

yardeni.com

04 05 06 07 08 09 10 11 12 130

50

100

150

3/14

COMMUNICATIONS EQUIPMENT

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***** Chart Not Available *****

Task: XSXEENER

Invalid calculation element [JL@EUROENSEC]

03-14-2012 - 01:46:49

04 05 06 07 08 09 10 11 12 1350

70

90

110

130

150

170

190

210

3/14

UTILITIES

04 05 06 07 08 09 10 11 12 13100

120

140

160

180

200

220

3/14

OIL & GAS

04 05 06 07 08 09 10 11 12 1370

90

110

130

150

170

190

210

3/14

ELECTRIC UTILITIES

04 05 06 07 08 09 10 11 12 135075

100125150175200225250275300325350

3/14

ENERGY EQUIPMENT & SERVICES

04 05 06 07 08 09 10 11 12 1380

100

120

140

160

180

200

220

240

3/14

GAS UTILITIES

04 05 06 07 08 09 10 11 12 1330

50

70

90

110

130

150

170

3/14

MULTI-UTILITIES

yardeni.com

200-day moving averageSource: Morgan Stanley Capital International.