Below we are looking at the Strongest 20 stocks in the S&P 500 based on ChartLabPro.com’s proprietary algorithm. It is no surprise that 8 out of the 20 names are in the utility sector and 5 out of 20 are in the emergency sector. Most of the utilities and energy names are now approaching overbought.
As demonstrated in the time at rating, you will see we started to move to strong buys in both energy and utilities over 2 months ago.
Since looking at average are slow to gain an edge for sector rotation this is an excellent view if there were to be a sudden shift within any sector.
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