Chart of the Day - Monday, September 9th, 2019

Today’s Chart of the Day was shared on Twitter by SentimenTrader (@sentimentrader). The chart highlights the fact that some of the worst-performing stocks year-to-date were some of the best-performing stocks today and vice versa. Price action felt somewhat backward today. Some of the weakest areas of the market caught a bid today. For example, Banks ($KBE), Retail ($XRT), Oil Services ($OIH) and Value Stocks ($SPYV) all did well. On the other hand, stronger areas of the market like Growth Stocks ($SPYG) and Software ($IGV) were weak. It's often said that sector rotation is the lifeblood of bull markets. It's important to note that one day doesn't make a trend, however, this is something worth paying attention to as it could be the start of a larger rotation.