Very bullish look to the market. Maybe some pullbacks to existing trend-lines in order. 

I can’t find much to say that is negative about this market. Trade War headlines have died down and the Fed (for reasons beyond any reason) are still wanting to lower rates even though the market is at all time highs. If it were me, I’d be tightening them. But hey, it is good for the market, and I’m guessing, Powell is feeling pretty cozy at the helm of the Fed, and would like to keep it that way through a Trump re-election. But there’s nothing new about that, most Fed chiefs like to pump the market into a re-election. Very rarely do see the opposite. 

With that said, while some sectors, like Materials and Healthcare are struggling over the past week, none are really struggling over the past month, and the one sector that did sport some problems, Energy, is finally getting its act together and rallying once again.  

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

  1. Discretionary
  2. Staples
  3. Utilities

The 3 worst sectors are:

  1. Materials
  2. Healthcare
  3. Industrials

Let’s review the sectors:

Basic Materials (XLB)

xlb 1

join the swing trading splash zone

Energy (XLE)

xle 1

Financials (XLF) 

xlf 1

Industrials (XLI)

xli 1

Technology (XLK)

xlk 1

Consumer Staples (XLP)

xlp 1a

Utilities (XLU)

xlu 1

Health Care (XLV)

xlv 1

Consumer Disretionary (XLY)

xly 1