This week’s sector selector is lopsided towards the bearish side. While the overall market has a solid run last week, the gains did little in terms of improving the outlook for most sectors. In fact, many industries look worse than they did before.
And for those pieces of the market that actually improved, half can be described as defensive sectors, another sign that the Wall Street is skittish and believes more turbulence is coming.
Toss in George Soros and the head of the IMF saying the Euro has less than three months for Germany to bail everybody else out (do they have the money?), and the ride between here and labor day could get like a cheap motel mattress, real uncomfortable.
Understanding where under and over performance relative to the S&P 500 can be a lifesaver for your portfolio. You could consider finding an exchange traded fund that matches up with a sell sector, short it and buy an equal amount of SPDR S&P 500 (SPY). As long as SPY outperforms the shorted ETF, the trade will profit no matter what the market does.
Here’s Top Equity News’ list of buy and sells for this week.
EMERGING BUY: industries with positive technical analysis traits that are in the early stages, indicating possible above average returns in the near-term:
Gas Distribution
MATURE BUY: industries that have outperformed and their charts suggest the above average returns could continue:
Broadcasting
Personal Products
Specialty Construction
Electricity
Financial Administration
Retail
Telecom
Utilities
Gas & Water Utilities
MATURE SELL: industries that have underperformed and, based on their current chart patterns, could continue to lag:
Electronic Equipment
Auto Parts
Gambling
Coal
Industrial Suppliers
Industrial Engineering
Leisure Goods
Marine Transport
Oil Equipment and Services
Real Estate
Steel
Commercial Vehicles
Software
EMERGING SELL: industries that have fresh negative technical analysis set ups and could have subpar performance in the weeks ahead:
Travel & Leisure
Industrial Machinery
Apparel/Retail
Durable Household Products
Sector Selector: Lopsided and Defensive is an article from: 
