Sectors as a whole support the market’s move to new all-time highs.
Outside of Energy and Materials, the sectors as a whole have shown some solid trend-lines and a willingness to push higher going forward.
Overall the market looks to be on solid footing, and even technology is starting to get interesting again, and worth watching as we speak. Though I’d stay away from the software stocks until they can get their act together. Microsoft will be the telltale sign there.
Here’s what I see as the top 3 sectors right now:
- Healthcare
- Discretionary
- Industrials
The 3 worse sectors are:
- Energy
- Materials
- Staples
Financials, even though they are in the bottom three, isn’t all that bad, it simply just isn’t where the others are that this juncture.
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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