Sectors showing a lot of weakness still, and only a few that are holding up.  

The bulls can’t hold on to their gains at all, and each day is being met with a conviction to sell not matter how high the bulls run it up in the meantime. A lot of it is headline risk and the problems that the Trump administration is facing right now. Then of course there is the trade war and Federal Reserve jacking up the interest rates non-stop. 

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

  1. Utilities
  2. Healthcare 
  3. Staples

The 3 worst sectors are:

  1. Energy
  2. Financials
  3. Industrials

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 1

Utilities (XLU)

xlu 1

Health Care (XLV)

xlv 1

Consumer Disretionary (XLY)

xly 1