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:

  1. Technology
  2. Discretionary
  3. 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:

  1. Utilities
  2. Financials
  3. 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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xlb 1

Energy (XLE)

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xle 1

Financials (XLF

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xlf 1

Industrials (XLI)

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xli 1

Technology (XLK)

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xlk 1

Consumer Staples (XLP)

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xlp 2

Utilities (XLU)

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xlu 1

Health Care (XLV)

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xlv 1

Consumer Disretionary (XLY)

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xly 1

Click here to download my Allocation Spreadsheet.

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