Written by Donald Dony, author of the www.technicalspeculator.com.
As a new bull market progresses, there is a normal sequence of economic development. This progression favours certain industry groups at different times.
In the late contraction stage of the economy, the financial and consumer discretionaries sectors are favoured. These two groups are usually the leaders.
As the economy begins to expand and recover, the technology, services and construction sectors show greater performance.
In the ...
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