Now that’s a way to start the week. Ben Bernanke gave traders on Wall Street all the juice they need to take stocks higher. And the algorithms pounded the buy key faster than a teenager twitches on seven red Bulls.
The S&P and NASDAQ raced more than 1% up to new 52-week highs, and the Dow is on their heels. If all three can print new highs, it’s called confirmation. It would be highly unusual for the major indexes to go three-for-three and not continue higher. Serious market watchers see simultaneous confirmation as a technical signal to push more money into stocks.
Knowing where to put the dollars is the difference between singles and hitting the long ball. That’s why Top Equity News reviews the sector stock charts to pinpoint which sectors are likely to outperform and which are hinting at becoming slackers.
Much to TEN’s surprise, this week’s buy and sell lists remain skinny.
EMERGING BUY: industries with positive technical analysis traits that are in the early stages, indicating possible above average returns in the near-term:
Business Training
Banks
Gambling
Business Support
Specialty Retail
Investments
Financial Services
MATURE BUY: industries that have outperformed and their charts suggest the above average returns could continue:
Computer Services
Consumer Finance
Technology
Tech Hardware
MATURE SELL: industries that have under-performed and, based on their current chart patterns, could continue to lag:
Aerospace
Basic Resources
Coal
Property & Casualty
Multi-utilities
Non Ferrous Metals
Railroad
EMERGING SELL: industries that have fresh negative technical analysis set ups and could have subpar performance in the weeks ahead:
Auto Parts
Industrials
Integrated Oil
Prarma/Biotech
Footwear
Sector Selector: Big Ben Pushes the BUY Button is an article from: 
