Market’s have rebounded well since the sell-off that led to a test of SPX 200-day moving average. 

Following today’s CPI report in the pre-market, and the subsequent sell-off, I was ready for the market to begin its selling yet again, so I raised my stops to protect all profits. 

But a funny thing happened! 

Not a single stock was stopped out and everything kept pushing higher. 

That’ a good thing, right? Sure, as it saved me the trouble of having to get short, and with the market climbing back towards the 50-day moving average, confidence is starting to flow back in some, particularly when the market can make a good day off of the kind of CPI report that we got. 

Below, I’ve update the sectors, as I received a lot of positive feedback from readers and its helpfulness. So here are the updated charts and how well (or how bad!) each sector is doing. I can say this: financials are the place to be right now, followed by tech, discretionary and basic materials. 

Let’s review the sectors:

Basic Materials (XLB)

01 xlb basic materials

Energy (XLE)

01 xle energy

Financials (XLF) 

01 xlf financials

Industrials (XLI)

01 xli industrials

Technology (XLK)

01 xlk technology

Consumer Staples (XLP)

01 xlp staples

Utilities (XLU)

01 xlu utilities

Health Care (XLV)

01 xlv healthcare

Consumer Disretionary (XLY)

01 xly discretionary