Only 3 Sectors Squeak Out a Gain Last Week

Indexes of industries showed one sector after another falling off of a cliff. It was no surprise to us, as you will see on the table below, because only 3 sectors managed to squeak out a gain last week and 25 suffered double digit losses.

Our technical analysis did manage to uncover a few developing positive trends pointing to possible outperformance during the next 30-90 days. The handful of sectors that look like they are taking on money include: (click on the links to see the best and worst performing stocks in the industries)

Electric Utilities (sign up in the red box to the right for a free Electric Stock research report)
Fixed Telecom
Multi-Utilities
Internet
Gas & Water Utilities

We didn’t have the same problem finding industries charts with neon flashing signs saying go away. Stocks in these sectors we would avoid:

Electronic Equipment
Medical Equipment
Building Materials
Clothing
Specialty Chemicals
Defense
Support Services
Business Support
Apparel Retailers
Real Estate
REITS
Specialty Retail
Transportation
Furnishings
Small Cap Value Stocks

As far as performance goes, as we mentioned above, only 3 industries were able to get into the green. Take a look at the list of the best and worst performers for the week.

Here is a list of the top five performers:

Here are the week’s poorest performing industries:

Comments

[User 76204:]

Your right about that.

2008 Oct 30 08:16 AM