Thursday, November 25, 2010

The best sectors

Looking through the various sector charts, Consumer Discretionary and Energy sectors are setting up nicely and seem to be the best performing sectors out there. Their charts have many things in common. Both are not far away from their yearly highs. MA(20) has held up nicely as support in both the charts. The Consumer Discretionary ETF is at a particularly important level, having closed right at the multi-week resistance on Wednesday.

Take care and good luck!

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