At Bespoke, we always try to present our data in ways that take up the least amount of space while still making it easy to understand. Instead of reading a cumbersome 30-page research report on a specific sector, we keep our reports short and succinct, yet we're still able to effectively get our points across. In our Week in Review (sample) newsletter released every Friday, we provide sparklines of the S&P 500 and its ten sectors. From Wikipedia, a sparkline is a "type of information graphic characterized by its small size and data density." In the sparklines below, viewers can easily see where sectors are trading relative to their normal range (one standard deviation above and below the 50-DMA) over the last year.
Below we provide an up-to-date look at our trading range sparklines, and as shown, nine out of ten sectors are currently trading in overbought territory, and most have just recently hit their most overbought levels of the last year. The Energy sector is the only one that isn't overbought, but it's getting mightly close as the market heads higher. As you can see in the sparklines, most sectors hit their most oversold levels over the last year nearly 10 months ago. It's hard to believe that it has already been nearly a year since the crazy times of last September and October.