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:
Healthcare replaces Industrials – but the latter is still a solid chart… just more ongoing consolidation than what I prefer.
The 3 worse sectors are:
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)
Consumer Staples (XLP)
Health Care (XLV)
Consumer Disretionary (XLY)