Top Equity News is going to move the sector selector report up to Tuesdays. We feel it is a logical compliment to Mondays’ Stock Market Trends Report. The 1-2 punch gives our readers a sense of what the overall market is likely to do, and then an idea of which sectors are expected to out/under-perform.
If our technical analysis and market measuring sticks point to stocks heading higher, then TEN would suggest adding stocks from our emerging and mature bull lists. If the indexes look shaky, then you might consider avoiding or selling positions in the bear columns.
Right now, our view is that stocks are top-heavy, but have a lot of momentum behind them. Like a loaded 18-wheeler, this market isn’t likely to come to a stop the first time investors tap the breaks. The red taillights are on, but traders keep moving the market forward.
In this situation, Top Equity’s experience says to focus on mature bull stocks. They have a lot of money and support behind them. It will take some time for the big bucks to sour on them.
EMERGING BUY: industries with positive technical analysis traits that are in the early stages, indicating possible above average returns in the near-term:
Electronic Equipment Aluminum Medical Equipment
Airlines Health Care Containers & Packaging
Medical Supplies Steel Specialty Chemicals
Real Estate Life Insurance Non-ferrous Metals
MATURE BUY: industries that have outperformed and their charts suggest the above average returns could continue:
Delivery Services Autos Media
Broadcasting Biotech Chemicals
Computer Hardware Industrials Industrial Machinery
Electronic Equipment Hotels Tech Hardware
Electronic Computer Equipment Industrial Engineering
MATURE SELL: industries that have under-performed and based on their current chart patterns and could continue to lag:
Beverages Personal Products Electricity
Food & Beverages Fixed Telecom Consumer Goods
Gold Miners Soft Drinks Food Producers
Food Products
EMERGING SELL: industries that have fresh negative technical analysis set ups and could have subpar performance in the weeks ahead:
Food & Drug Multi-Utilities Property & Casualty
Personal Household Goods Internet Consumer Finance
Gas Distributors Tobacco Gas & Water Utilities
Utilities
Sector Selector: Putting One and Two Together is an article from: