Don't Ignore This Chart!

Stocks Turns Defensive as Utilities Perk Up


After a big bang to start the year, stocks turned defensive on day two as six of the nine sectors were down as of 3PM ET. Of the three that were up, the utilities and healthcare sectors come from the defensive end of the market. Technology, which is clearly an offensive sector, was also holding up well.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at 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
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