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Once again we find Coal at the bottom of the stack in this week’s sector performance update. With Cap & Trade passing the house and the Senate sure to pass something too, Coal should make itself comfortable down there. After all, President Obama himself said his Cap & Trade policy would necessarily bankrupt coal companies and drive utility bills up. Much like Europe has tried to do, unsuccessfully, this administration is hell bent on driving the cost of fossil fuels up so that windmills, solar panels and whatever riles the imagination will be almost as cost effective as our current energy infrastructure. We just hope they put those Obama stimulus stickers on everybody’s energy bill so Americans know who is to blame when the cost of cap & trade hits your mailbox.

Here are the past week’s top and worst performing sectors:

Performance versus the S&P 500
Rank Industry % Return +/- the S&P % up/down
1 NONFOOD RETAIL-WHOLESALE 5.15% 4.88 %
2 CONS PROD-MISC STAPLES 4.84% 4.58%
3 DRUGS 4.80% 4.54%
4 POLLUTION CONTROL 3.96% 3.70%
5 TELECOMMUNICATIONS SERVICES 3.41% 3.15%
6 COMPUTER SOFTWARE-SERVICES 2.94% 2.68%

Here are the week’s poorest performing industries:

Performance versus the S&P 500
Rank Industry % Return +/- the S&P % up/down
59 of 59 COAL -2.52% -2.77%
58 AEROSPACE-DEFENSE -2.17% -2.41%
57 OIL-EXPLORATION&PRODUCTION -1.83% -2.08%
56 OIL MACHINERY-SERVICES-DRILLING -1.62% -1.87%
55 MEDIA -1.44% -1.69%
54 OIL-INTEGRATED -0.88% -1.13%

This week our technical analysis of industry stock charts only managed to find 1 new buy signal, Personal Products Stocks, and 1 new sell signal, Footwear Stocks.

Source: Coal: Capped and Spayed