Oppenheimer recently released a report that focused on technical analysis. In the report, analyst Ari Wald took a look at the technical health of the stock market, gold, and oil.

Cyclicality The Way To Go

The S&P 500 seems to be stalled as of late, but Oppenheimer sees the relative strength of the Consumer Discretionary sector versus the Consumer Staples sector as an indication that cyclical stocks are hot at the moment. Not surprisingly, the worst-performing sectors since the S&P 500’s May peak have been sectors that are sensitive to rising interest rates and/or commodities, including Energy and Utilities.

Bullish On The Market

Despite the sluggishness in the S&P 500 recently, analysts remain…

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