Sectors bullish as a whole, but still with some notable laggards.

Financials suck, I’ve played them sporadically throughout the year, and every time, the gains have meager. Energy I have been incredibly skeptical of, though I have played them with much more success, I have stood by on its current rally because the sector itself has been so sketchy for much of this year, and while it is breaking out of consolidation, I would be careful of buying here as it is quite oversold and needs to, at the very least, flag for a bit. 

The best play right now looks to be Industrials from a risk/reward standpoint. I booked some profits yesterday in Jacobs Engineering for a +3.8% profit yesterday, but I think there is a solid bounce playing out today off key support, and should it follow through tomorrow, could make for some ideal trade setups in the sector as a result. 

Here’s what I see as the top 3 sectors right now:

  • Healthcare
  • Technology
  • Energy
  • The 3 worst sectors are:

  • Utilities
  • Materials
  • Financials 
  • 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)

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