It was quite the fascinating day yesterday. The indexes got smacked at the bell and then rallied when they sniffed their 12-day averages. It is a support level that the Dow, S&P, and NASADQ have not closed under in 2012.
However, once the street took equities back to recent peaks, the red light came on, and the indexes settled back. To Top Equity News, this back-and-forth action shows that Wall Street is either indecisive or rotating into new sectors.
Based on the number of new sectors hitting out emerging bull lists, TEN thinks it’s 60-70% that institutions are moving into different parts of the market.
EMERGING BUY: industries with positive technical analysis traits that are in the early stages, indicating possible above average returns in the near-term:
Asset Managers
Specialty Construction
Oil & Gas
Business Support
Oil Equipment
Oil Exploration & Production
Platinum & Precious Metals
General Financing
Heavy Construction
Software
Mobile Telecom
MATURE BUY: industries that have outperformed and their charts suggest the above average returns could continue:
Media
Broadcasting
Clothing
Computer Hardware
Support Services
Apparel & Retail
Consumer Finance
Technology
Tech Hardware
Travel & Tourism
MATURE SELL: industries that have under-performed and based on their current chart patterns and could continue to lag:
Beverages
Coal
Food & Drug
Electricity
Re-Insurance
Publishing
Pharmaceuticals
Broadline Retail
Drug Retail
Recreational
Insurance Brokers
Trucking
EMERGING SELL: industries that have fresh negative technical analysis set ups and could have subpar performance in the weeks ahead:
Delivery
Travel & Leisure
Consumer Services
Food Retail & Wholesale
Property & Casualty
Industrial Transportation
Multi-Utilities
Pharmaceuticals & Biotech
Retail
Restaurants & Bars
General Retailers
Tires
Transportation
Distillers & Vintners
Sector Selector: Sectors to Buy While Wall Street Waffles is an article from: 
