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:
- Technology
- Staples
- Financials
The 3 worst sectors are:
- Healthcare
- Utilities
- Energy
Let’s review the sectors:
Basic Materials (XLB)
Energy (XLE)
Financials (XLF)
Industrials (XLI)
Technology (XLK)
Consumer Staples (XLP)
Utilities (XLU)
Health Care (XLV)
Consumer Disretionary (XLY)
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