Sectors losing their long-term trend and have been extremely choppy

When you have a market that isn’t establishing new highs, nor is establishing any new lows on the charts, mix that with huge price swings for the past three months and you have some very confused, and in some cases, directionless sectors. 

Earnings, for the most part have provided very little lift to the market, often leading to the fading of most pre-market moves.  

Here’s what I see as the top 3 sectors right now:

  1. Energy
  2. Utilities
  3. Discretionary. 

Healthcare looked great as well and could have been included, but Discretionary is actually breaking through key resistance, while Healthcare is simply trying to at this point. 

The 3 worse sectors are:

  1. Industrials
  2. Staples
  3. Materials

In the middle of it all, you have technology, that should break hard, one direction or the other, once Apple (AAPL) reports on Tuesday. 

Let’s review the sectors:

Basic Materials (XLB)

xlb 2

Energy (XLE)

xle 2

Financials (XLF) 

xlf 2

Industrials (XLI)

xli 2

Technology (XLK)

xlk 2

Consumer Staples (XLP)

xlp 2

Utilities (XLU)

xlu 2

Health Care (XLV)

xlv 2

Consumer Disretionary (XLY)

xly 2