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: 

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)