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)
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:
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: