Here are the best performing sectors over the past week. If we get a signal to go long, these are the sectors you want to put in play.
On Thursday I put forth a short strategy that attacks momentum stocks that are extended, handled Thursday’s correction poorly, and fail to mount there highs in the near future. You can bet I will avoid stocks from these 10 sectors if I apply a short strategy. Amazingly, 9 of these 10 sectors were up on Thursday. Only copper in the red, though it did rally away from the lows of the day.