Sector MOM Summation

We identify the intermediate stock cycle using Sector MOM Summation - weekly data

Sector Jan 25, 08
MOM Rank
iShares CDN Gold XGD 13.00
iShares CDN Materials XMA 4.95
TSX Utilities -4.21
iShares CDN S&P/TSX60 XIU -5.20
iShares CDN Energy XEG -6.06
iShares CDN Income Trust XTR -6.77
TSX Health Care -7.81
iShares CDN Financial XFN -7.83
TSX Consumer Staples -7.86
iShares CDN Technology XIT -8.08
TSX CDN Mid Cap -8.66
TSX Industrials -8.86
iShares CDN Small Cap XCS -10.48
TSX Telecommunications -11.62
TSX Consumer Discretionary -13.55
TSX Diversified Metals & Mining -17.41

Total Summation -106.45 ** Record low since Dec 2004

Observation - intermediate cycle rally through February 2008