that’s a new high this week for value to state it plainly and simply what are called “value stocks” are doing better than what are called “growth stocks” lately not only that but an energy exchange traded fund is doing better than either of the etf’s representing value or growth the tone of this market is changing – take notice the daily chart of the sp value index looks like this you can see that new all time highs established this week the wednesday closing price the thursday closing price and the friday closing price each made it above the may high of just above 1500 the value index is back above the ichimoku cloud a blend of moving averages again a generally positive sign there’s something close to an inverse headandshoulders pattern across the june through september lows as well now take a look at the benchmark “growth” index the sp 500 growth etf although this index rallied this week before selling off a bit on friday it’s failed to make a higher high than the early september peak compare this chart to the value stock chart above it’s been rare for months to see value out perform growth but here we are note that the rsi and macd indicators are both diverging from price in less than positive fashion now take a look at the daily price chart for the energy select sector spdr fund as the pride of oil took off above 80barrel this month that action seems to have benefitted oil and gas stocks as well the october highs broke above the old highs set in june the divergences in the rsi and macd in the july through august period foretold the coming strength you know what else is out performing growth right now here’s the daily price chart for the financial sector select spdr fund that’s a new all time high for the financials one big component american express  helped out on friday by advancing upward 542 warren buffett and charlie munger keep it in the berkshire hathaway fund maybe they were adding this week other components added to the fun goldman sachs gained 163 and jp morgan 143 the main things to watch for this week and as we approach the holiday season 1 will the price of oil reach 100barrel west texas intermediate came within a whisker of 85barrel this week 2 will the 10year treasury note yield pop above 178 that’s the high yield from march above that might indicate a greater appetite among investors for the riskfree rate of return than for other investments not investment advice do your own research and always consult with a registered investment advisor before making any investment decisionis