Sector Watch: Should We Be Bullish Still?
The Leaders of this market still leading
In fact if you look at my top three sectors below the only difference is I have swapped out Industrials for Healthcare. Otherwise, the 1-2 punch of this market still remains Technology and Discretionary.
Here's what I see as the top 3 sectors right now:
- Technology
- Discretionary
- Healthcare
Healthcare replaces Industrials - but the latter is still a solid chart... just more ongoing consolidation than what I prefer.
The 3 worse sectors are:
- Utilities
- Financials
- Staples
Essentially a game of musical chairs. Right now they all still suck, but Staples shows the best hope of finally breaking out and doing something with its life.
Let's review the sectors:
Basic Materials (XLB)
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Energy (XLE)
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Financials (XLF)
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Industrials (XLI)
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Technology (XLK)
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Consumer Staples (XLP)
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Utilities (XLU)
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Health Care (XLV)
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Consumer Disretionary (XLY)
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