Monday morning I will post a video webcast featuring my analysis of the top performing sectors last week. Here is a quick summary.
When the market has a bad week, I like to focus on sectors that held up well. This week there were 17 sectors that posted one percent or more gains. Of these sectors, the ones that interest me are: industrial equipment, internet information, ag chemicals, oil and gas drilling and wholesale. All of these sectors have been trending up over the past 6 months, and recently brokeout over resistance levels. I am looking for pullbacks in each of these sectors.