Don't Ignore This Chart!

Defensive Sectors Turn Green

 | 

The healthcare, utilities and consumer staples sectors are traditionally the defensive sectors that underperform during a broad market advance. This was the case in March and most of April. With Monday's weakness, the defensive sectors held up and all three finished with small gains. It is just one day, but worth watching in the near future.

090427ditc-sectors

Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus