Stocks started slow Monday following downbeat European economic news. The continent is deep economic trouble and on the verge of recession. If Euroland’s economies back up, Top Equity News is afraid investors will revisit the ghosts of the debt crisis’ past.
However, after the ISM survey announced better than expected results, investors flicked any Euro worries aside like a final puffed cigarette butt. The March manufacturing report indicates the US economy could be moving along at a hotter pace than Wall Street anticipated.
Stocks closed near their highs for the day, which is the market equivalent to the Navy weather forecast of red sky at night, sailor’s delight. The next day should be smooth sailing.
Despite yesterday’s positive tone, TEN is still concerned with the lack of sector charts showing a willingness to join the bullish party. In Monday’s Stock Market Trends post, Top Equity noted that only six sectors are flashing positive technical traits. Meanwhile, 25 are decidedly bearish.
EMERGING BUY: industries with positive technical analysis traits that are in the early stages, indicating possible above average returns in the near-term:
Beverages
MATURE BUY: industries that have outperformed and their charts suggest the above average returns could continue:
Computer Services
Home Improvement
Tobacco
Technology
Furnishings
MATURE SELL: industries that have under-performed and, based on their current chart patterns, could continue to lag:
Autos/Parts
Aerospace
Basic Materials
Basic Resources
Coal
Food & Drug
Oil & Gas
Fixed Telecom
Retail Food/Wholesale
Industrial Transports
Non-Ferrous Metals
Electronic Office Equipment
Oil Exploration and Services
Waste Disposal
Gold Mining
Railroad
Food Producers
Food Products
Footwear
Gas Distribution
Tires
EMERGING SELL: industries that have fresh negative technical analysis set ups and could have subpar performance in the weeks ahead:
Chemicals
Specialty Chemicals
Industrial Engineering
Industrials
Sector Selector: A Six-Pack of Bullish Sectors is an article from: 
