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:
Here are the three bottom sectors:
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)
Energy (XLE)
Financials (XLF)
Industrials (XLI)
Technology (XLK)
Consumer Staples (XLP)
Utilities (XLU)
Health Care (XLV)
Consumer Disretionary (XLY)
