Some sectors not looking as healthy as they once were

In fact it is one of the first times in quite some time where I am seeing tons of divergences across the different sectors. You have utilities that are topping, and then healthcare that is crashing. Technology is surging, while Energy is simply creeping higher. Staples can’t be stopped, and Discretionary has a bearish wedge that should concern us all.  

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

  1. Technology
  2. Staples
  3. Financials

The 3 worst sectors are:

  1. Healthcare
  2. Utilities
  3. Energy

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

 

    You are unauthorized to view this page.

You Might Like

  • How to Trade Breakouts Without Getting Trapped

  • Managing Headline Risk: How to Survive the News Cycle Without Losing Your Mind

  • What to Do After a Winning Trade