Telecom Stocks Leading

12/08/2009 10:01 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart
Click to Enlarge

Another defensive group, the S&P Telecommunication Services sector, confirmed its breakout above key chart resistance in the past week. The trend line break in RS indicates that it is now outperforming the S&P 500, with next major resistance in the 120-125 area. The move into defensive sectors reflects a nervous market.

Related Articles on STOCKS

Keyword Image
Top Picks in Cybersecurity
10/19/2018 5:00 am EST

Cybersecurity is an industry with exceptional potential for expansion. No computer or network today ...