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Sector early indicator? Yes, the Hardware trade can be sometimes

Dow Jones Industrial Average Index (DJ:DJI)  
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DJ:DJI   Dow Jones Industrial Average Index
Trend Analysis nasdaq Nasdaq Composite Index CFD DJI HD LOW construction retail hardware
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trendanalysis nasdaq ixic dji hd low construction retail hardware
Related to the Real Estate sector, trade in Hardware and Construction Materials - here represented by the twin titans of home improvement retailing, Home Depot (HD, in green) and Lowe's (LOW, in purple) - can sometimes act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks in Feb 2007, Apr 2011, Mar 2015.

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Sector early indicator? Yes, Banks often are.
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Sector early indicator? Not usually: Health, Utilities & Transpt
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Sector early indicator? No: Health & Utilities, not usually.
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Sector early indicator? No: Natural Resources, not really.
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Sector early indicator? Telecommunications - not much at all.
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Sector early indicator? Media sector, only occasionally.
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Sector early indicator? Retail sector - not much (but watch WMT)
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