Sectors With Good Relative Strength
01/25/2010 9:30 am EST
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.