Sector Watch: Where Your Focus Should Be
Stock Market is on shaky ground here. Direction is Uncertain.
So let's take a deeper look at the sectors themselves. Which ones are most favorable and the ones that are not.
Right here are my top three sectors:
- Technology
- Consumer Cyclical
- Financials
Here are the three bottom sectors:
- Energy
- Staples
- Health Care
I normally would have Utilities on the bottom three, but there is an intriguing inverse head and shoulders pattern suggesting that it is setting up for a bigger move.
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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