Hi,
Yesterday I posted relative performance of the Telecom Sectors majors ,all the three companies (Bharti Airtel ,RCOM ,Idea) underperformed Nifty in all three time frames
So to present a pleasant picture, I am uploading relative performance of Technology Sector majors (Infosys,TCS,Wipro).
Chart Since April 2007 ( before 2008 bear market set in )
Chart Since December 2008 ( before 2009 bull market started)
Chart Since July 2009 ( after election gap up )
Interesting charts (quite colorful as well!!),while technology sector was the under performer of previous bull market,this bull market is dominated by technology stocks.
That is a very important observation, it has been seen so many times in past that the leader of a bull market become laggards of the next bull market.So while this time Realty and Infrastructure Sectors are taking a breather,Technology and Auto Sectors have become trader's favourite
This should cheer up long term investors in the Technology Sector, value investors in meanwhile prepare to take profits....or is there more steam left?...Only time will tell...
Cheers
Yesterday I posted relative performance of the Telecom Sectors majors ,all the three companies (Bharti Airtel ,RCOM ,Idea) underperformed Nifty in all three time frames
So to present a pleasant picture, I am uploading relative performance of Technology Sector majors (Infosys,TCS,Wipro).
Chart Since April 2007 ( before 2008 bear market set in )
Chart Since December 2008 ( before 2009 bull market started)
Chart Since July 2009 ( after election gap up )
Interesting charts (quite colorful as well!!),while technology sector was the under performer of previous bull market,this bull market is dominated by technology stocks.
That is a very important observation, it has been seen so many times in past that the leader of a bull market become laggards of the next bull market.So while this time Realty and Infrastructure Sectors are taking a breather,Technology and Auto Sectors have become trader's favourite
This should cheer up long term investors in the Technology Sector, value investors in meanwhile prepare to take profits....or is there more steam left?...Only time will tell...
Cheers
hi
ReplyDeletenice work comparing the sectors!! (telecom and tech)
But can we call this a true bull market? Dont we have to wait till the high of the previous bull market is taken out?
Thanks
Shazia
@Shazia
ReplyDeleteBull or bear... doesn't really matter..that's more of an academic debate
It's all about how you define a bull or bear market...some define the way you do...some say if prices are above 200 DMA it's bull market and vice versa...
So if some body says he will invest only when there is bull market he will invest over 21K?...if that were to come ...he will lose a significant part of rally..
That will be like break out trading ..where you do get confirmation but you also enter at the point of maximum risk.
Even these chart will be useless, if we can't find tradable opportunities
Another observation which we missed....check out technology stock....they are above 2008 high!!!..so a bull market?
Cheers