The broader Aussie market indices keep gravitating to the 61.8% fib of the 2007-2009 bear move. I thought I’d review some sectors within the market and see which ones are trading above their 61.8% fib or below. I also scanned these sectors for technically bullish stocks but only a few were worth mentioning. 

XAO weekly: The Aussie All Ordinaries: the 61.8% fib is a bit of a safety fence for this index:

XJO weekly: ASX 200: for this index too:

Aussie Market Sectors: what’s the point of this analysis? I suppose it will help identify which sectors are performing well in the current market and which aren’t and, thus, where it might be best to look for opportunity.

XSJ: Consumer Staples: doing well and looking bullish as it trades within a triangle:

SHV was one stock that stood out in a search of this Consumer Staples sector. Any bullish breakout here might offer an opportunity to trade any broader sector breakout:

XTJ: Telecommunications: also looking strong as it has made a bullish ascending triangle breakout. Look for opportunities within this sector.

SPK weekly: this telco might offer a way to trade this breakout IF it can break the $3:

MTU weekly: this telco has been on a run already but any pull back might offer a reasonable entry:

MNF weekly: ditto here:

XUJ Utilities: sitting just under the 61.8%. A break and hold above this would be bullish:

XDJ Consumer Discretionary: under the 50% fib. Would need a break above this to trigger any interest:

XEJ Energy: no surprises here. There could be a reaction at this bottom trend line though; either a bearish break or bullish bounce:

XFJ Financials: no surprises here either given the Government Banking guarantee. This sector has outperformed the broader market. Better opportunities might lie elsewhere though:

XHJ Health: a bit of a no-brainer with the ‘aging population’ paradigm. Any pull back would be a signal to buy! Many Health care stocks have done an ‘Elvis’ and have already ‘left the building’. They, like Elvis, might come back though so any dips should be seen as buying opportunities:

RHC Ramsey Health Care: this Health care stock has put in a huge rally and any pull back would be a buying opportunity:

BKL Blackmores: any break above $35 would be bullish and might offer a ‘Health’ trade:

XIJ Information Technology: I’m not too surprised to see a bullish ascending triangle forming so watch for any breakout with trading opportunities:

CPU ComputerShare: a new close and hold above $13 would suggest a bullish ascending triangle breakout:

MLB Melbourne IT might be worth watching for any bullish breakout:

PPS weekly: any break and hold above 0.30 cents would offer a possible cheap way to trade any bullish breakout on the broader sector:

XMJ Materials: as for Energy, watch the bottom trend line for any reaction; bullish or bearish:

BHP would be a way to trade this sector. Watch for any triangle breakout, bullish or bearish:

XMM Minerals and Mining: ditto here too:

XNJ Industrials: on an ok tangent BUT this is well below the broader market at the 38.2% fib. However, this means there is plenty of upside potential if the markets pick up momentum: 

BXB Brambles would be a way to trade any upside with this sector:

LEI Leightons is another I have been stalking for a possible bullish continuation move:

ASB monthly: this stock stood out in the Industrials sector as perhaps offering an opportunity. Any break and hold above the $3 level might offer a way to trade any bullish move of the broader sector: