By: Rich B Meier
As Top Equity News opined yesterday, it’s our view that stocks could be headed for a major collision between rising and declining trend-lines. This inflection point – as my early 2000s MBA friends used to repeat endlessly – means the NASDAQ is about ready to ride both sides of the see-saw.
The only question is who got fatter during the holiday feasts, bulls or bears? The winner will move the weight of trading to their side of the fulcrum. Whichever way the board tilts, investors better be ready to shift along with it.
TEN’s technical analysis of industry charts relative to the S&P 500 helps us identify which sectors/industries are poised to out or underperform the benchmark index. Once the market 8 -ball answers the what’s next question, you can use TENs bullish/bearish industry report to pinpoint where your money should flow to and away from.
EMERGING BUYS: industries with positive technical analysis traits that are in the early stages, indicating possible above average returns in the near-term:
Delivery Services (thanks to overwhelming online Christmas shopping)
Biotech
Commercial Chemicals
Construction & Materials
Defense
Hotels
Integrated Oil & Gas
Publishing
US General Industries
MATURE BUYS: industries that have outperformed and their charts suggest the above average returns could continue:
Aerospace
Building Materials
Electricity
Financial Administration
Property & Casualty
Industrial Transportation
Internet
Gas Distribution
Healthcare
Utilities
MATURE SELLS: industries that have under-performed and based on their current chart patterns and could continue to lag:
Aluminum (a bad sign for future economic growth?)
Basic Resources (ditto)
Coal
EMERGING SELLS: industries that have fresh negative technical analysis set ups and could have subpar performance in the weeks ahead:
Computer Services
Business Services
Leisure Goods
Gold Mining
Broadline Retail
Semiconductors (another bad leading indicator)
Food Products
Software
Technology (see semis’ note)
Travel & Tourism
Toys (already?)
Top Equity doesn’t like seeing utilities and defensive sectors like healthcare dotting the buy lists, while technology, especially semiconductors, is on the sell list. Many times, it is a relationship that’s present right before and during sour markets. That doesn’t necessarily mean our see-saw has already picked a side, but it certainly looks like Wall Street is starting to stack its chips.
Sector Scorecard: Reaching a Tipping Point is an article from: 
