Sectors With Good Relative Strength

01/25/2010 9:30 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

The selling in the US markets was heavy across the board as all sectors were down last week. The Industrial and Health Care sectors look the best, technically. The Industrials closed below the rising 50-day MA and are close to retesting the recent breakout level. There is additional support at 235. The Health Care sector looks even better as it is well above the breakout level and 50-day MA in the 460 area. The 200-day MAs on both sectors are rising sharply, which is positive.

Related Articles on STRATEGIES

Keyword Image
Dogs of the Dow
10/18/2018 5:00 am EST

The Dogs of the Dow strategy seeks to take advantage of investing in well-established, blue-chip com...