The Leaders of this market still leading

In fact if you look at my top three sectors below the only difference is I have swapped out Industrials for Healthcare. Otherwise, the 1-2 punch of this market still remains Technology and Discretionary. 

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

  1. Technology
  2. Discretionary
  3. Healthcare

Healthcare replaces Industrials – but the latter is still a solid chart… just more ongoing consolidation than what I prefer. 

The 3 worse sectors are:

  1. Utilities
  2. Financials
  3. Staples

Essentially a game of musical chairs. Right now they all still suck, but Staples shows the best hope of finally breaking out and doing something with its life. 

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 2

Utilities (XLU)

xlu 1

Health Care (XLV)

xlv 1

Consumer Disretionary (XLY)

xly 1