The NASDAQ clearly broke down on its chart yesterday. The tech heavy index fell below its 50-day moving average and a lower support trend-line. Apple Inc. (AAPL) has a chance to right the ship when they report earnings after the close.
Wall Street expects the tech titan to earn $10 for its first quarter; however, Top Equity News believes AAPL will show a profit of more than $11 after the closing bell. It will be management’s all-important forward guidance that determines the street’s reaction to the announcement.
While we expect Apple to blow the doors off of analysts’ consensus earnings numbers, it may not be enough to stem the tide of selling for a day or two. Lately, there has been a run of disappointing economic news at home and abroad.
China and Germany, the world’s 2nd and 4th largest economies, have seen their manufacturing contract. Spain and Italy are struggling with rising interest rates, which is ominous foreshadowing of last year’s Greek she loves me, she loves me not, bad debt affair. Only, Spain and Italy are too big to bail.
With uncertainty hanging over the market like rain clouds, it makes knowing what sectors to avoid and which could be stronger than most all the more important. That’s why TEN posts its Sector Selector report for you every week. Knowing which market neighborhoods are safe and which are not, can be a portfolio saver.
Here are this week’s results:
EMERGING BUY: industries with positive technical analysis traits that are in the early stages, indicating possible above average returns in the near-term:
Airlines
Beverages
Personal Products
Electricity
Non-Life Insurance
Healthcare
Multi-utilities
Pharmaceuticals
Soft Drinks
Insurance Products
MATURE BUY: industries that have outperformed and their charts suggest the above average returns could continue:
Biotech
Business Support
Personal Household Goods
Personal Goods
Apparel Retail
Specialty Retail
Tobacco
MATURE SELL: industries that have under-performed and, based on their current chart patterns, could continue to lag:
Electronic Equipment
Autos
Auto Parts
Gold Mining
Semiconductors
Toys
EMERGING SELL: industries that have fresh negative technical analysis set ups and could have subpar performance in the weeks ahead:
Construction & Materials
Industrial Suppliers
Electronic Components
Paper
Platinum & Metals
Forestry & Paper
Durable Household Goods
Furnishings
Sector Selector: Oh, Trouble, Trouble, Trouble, Trouble is an article from: 
