A market that is rising can be found at any time, but it depends on how long you look.
Right now, semiconductor stocks are not leading. They often start big moves, but not now. As September, a usually weak month, approaches, here are the twelve industry groups that performed best last month.
Gold prices have surged again. Gold is often used to protect against rising prices, so a jump in gold could mean inflation worries are growing. If inflation stays high, U.S. stocks might face a tough September.
Look at the gold‑mining chart – it just broke out of a rising wedge.
Non‑ferrous metals were testing a price range of 950‑960. On Friday they finally pushed through that barrier.
Aluminum is getting stronger. It will look more bullish if it can move above the 190 level.
The price is bouncing off a rising 20‑day exponential moving average, and the Percentage Price Oscillator has crossed the middle line. The key question is whether aluminum can finally break the main resistance level.
Even groups that didn’t make the top‑12 list are showing improvement. For example, investment services have been climbing and may soon complete a bullish “cup” pattern.
All of these moves look good, but they are happening in parts of the market that are relatively small. If big‑tech stocks keep slipping, you might think about keeping cash in these safer areas during a potentially choppy September.
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