Editor's Note: Below is a chart (and excerpt) from today's Early Look written by CEO Keith McCullough.

CHART OF THE DAY: 3 Big Sector Winners (And 3 Big Losers) - z31

To put yesterday’s intraday selloff in context, it was the 16th down day in the last 18 trading days but 5 of 10 US Equity Sector Styles closed UP on the day with the 3 biggest winners being: 

  1. REITS (XLRE) were +1.7% on the day and are -1.9% for OCT to-date
  2. Utilities (XLU) were +1.4% on the day and are +2.8% for OCT to-date
  3. Consumer Staples (XLP) were +1.2% on the day and are +1.0% for OCT to-date 

(Editor's note: We have been recommending being long the sectors above and short the sectors below).

Meanwhile the 3 biggest losers (or gainers for the alpha dogs on the short side) were: 

  1. Energy Stocks (XLE) were down another -1.9% on the day and are -13.9% for OCT to-date
  2. Tech (XLK) was down another -1.7% on the day and is down -11.1% for OCT to-date
  3. Industrials (XLI) were down another -1.7% on the day and are down -13.3% for OCT to-date 

CHART OF THE DAY: 3 Big Sector Winners (And 3 Big Losers) - 10.30.18 EL Chart

CHART OF THE DAY: 3 Big Sector Winners (And 3 Big Losers) - early look