A lot of trend-lines breaks and topping patterns are forming

The safe sectors is where big money is putting its capital. Utilities are practically on the brink of new all-time highs. I’d also like to add stocks supporting the military or have big dollars in the Pentagon defense budget are also holding up well and attracting a lot of interest too. Just take a look at Northrop Grumman (NOC), Lockheed Martin (LMT) and L3Harris (LHX) for examples.

I still have Technology listed in the top three, but that is more because of its trend-line off of the December lows has held up so well, though it is currently being tested and could see a break any day now. But for now, the chart, despite a heavy pullback in August, still is better than most of the charts out there, with a clear set of higher-highs and higher-lows.