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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: James F. Hopkins who wrote (704)5/25/1999 1:39:00 PM
From: Les H  Read Replies (1) of 2103
 
XLP seems to act like a drug index... Thought it was a consumer and
a personal care index (such as PG, G, CL, DL, et al)

The most correlated industry sector indexes are healthcare-related

HCX 906 out of 1000
DRG 884
RXP 864
CMR 846
NYSE 826

As are the correlated stocks

PFE 784
ABT 755
GE 695
MRK 689
JNJ 687
SGP 658
MER
AHP
and so on...

The percent of NDX stocks above moving averages so far:

10-day - 21%
21-day - 34%
50-day - 54%
200-day - 74%

The late February market low had 35% percent of stocks above 50-day
moving average.
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