There are drastic differences in each of the sectors
That is usually not the case. They tend to represent some off-shoot of the S&P 500, or in the case of Technology, as resemblance of the Nasdaq chart.
But now, each chart has a different look. obviously the majority of them are trending downwards, but still the technical difference in each is notable.
Here’s what I see as the top 3 sectors right now:
Obviously you don’t want Utilities at the top of your list, because that is a good sign that traders are looking for a place of safety for their capital.
The 3 worse sectors are:
- All the other sectors not yet mentioned ?
The market is taking some licks right now and it is an incredibly difficult atmosphere out there. With April rolling around, and the first quarter coming to an end, perhaps the market will find a spring in its step
Let’s review the sectors:
Basic Materials (XLB)
Consumer Staples (XLP)
Health Care (XLV)
Consumer Disretionary (XLY)