Some good and bad in the market right now. 

Despite some willingness by the market to try and rally in recent days, there is still a lot of pressure weighing on the sectors across the board. The headline risk is at extreme levels, and that is keeping me from being too aggressive on the long side. 

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

  1. Energy
  2. Utilities
  3. Technology

Discretionary might find its way on to the list, but right now, it is still trying to figure out whether it wants to break through some key resistance levels. 

The 3 worse sectors are:

  1. Materials
  2. Industrials
  3. Healthcare

Financials might as well be included in the list, as well, with that bear flag it is trying to form, but hey, I could only choose three, right? 

Let’s review the sectors:

Basic Materials (XLB)

xlb 1

Energy (XLE)

xle 1

Financials (XLF) 

xlf 1

Industrials (XLI)

xli 1

Technology (XLK)

xlk 1

Consumer Staples (XLP)

xlp 1

Utilities (XLU)

xlu 1

Health Care (XLV)

xlv 1

Consumer Disretionary (XLY)

xly 1

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