Big-time Flight to Safety

by David Brown, Chief Market Strategist, Sabrient Systems

Utilities and Healthcare are trying to hold up the market this week as Financial, Industrial, Basic Materials, and Technology have led the way down. There appears to be little optimism for the banks, given the worsening housing market and imminent end of QE2 (no more free money). Ciena (CIEN) and SINA (SINA) were big losers in Tech-land today. But it is beaten-down Technology that is rising in Sabrient’s SectorCast rankings. 

As Yogis Would Say, A Downward-facing Dog

by David Brown, Chief Market Strategist, Sabrient Systems

What?  Me Worry?

New Offices For Sabrient Systems

Equity Research Firm Moves to La Cumbre Area

Santa Barbara, Calif., June 1-- Sabrient Systems, LLC, has new office space for its headquarters in Santa Barbara, California. The new address is 115 South La Cumbre Lane, Suite 100, Santa Barbara, CA 93105. The telephone number, 805-730-7777, remains the same.

Who Ya Gonna Call?  Earnings Busters

By Scott Brown, President, Sabrient

David Brown, Chief Market Strategist at Sabrient, was formerly a NASA scientist who built lunar surface models to prepare American astronauts for the first landing on the moon. At NASA, he consistently emphasized models that take into account all possible variables.

Basic Materials and Energy have been the leading sectors so far this week, as the overall market continues to seek support, as well as leadership for moving higher. But the dollar seems determined to spoil the party.

Proceed with Caution

Basic Materials and Energy sectors returned to a leadership role today as the stock market looked to bounce from its recent doldrums. Both sectors advanced about 2%. However, it is Healthcare that has remained consistently strong. And in fact, it is Healthcare that has maintained a steadily strong score in Sabrient’s quantitative SectorCast model.