With US stocks making new all-time highs I thought it might be worth checking over some of the major Sectors to see how each is performing. Some sectors are still consolidating and thus are worth watching for any breakout potential whilst others have broken out of technical trading patterns or through key S/R levels.

XBI weekly: Biotech is consolidating for now but looks to be building up for a potential breakout. Watch trend lines for any momentum-based trend line breakout:

XHB weekly: Home-builders still consolidating around the $35. Watch trend lines for any momentum-based trend line breakout:

XLE weekly: Energy looks to be recovering so keep an eye on the $80 and $90 levels:

XLF weekly: There has already been a bullish triangle breakout on the Financials but now keep an eye on any test or break of $25 resistance:

XLI weekly:  looks like bullish continuation here with Industrials:

XLK monthly: The Technology sector has broken the 61.8% fib at $45 so watch for continuation:

XLP weekly: Consumer Staples looks Bull Flag like:

XLU weekly: Utilities, pulling back with the thought of the rate hike bu holding above the $45 b/o level:

XLV weekly: Health Care is consolidating following the Trump victory. Watch trend lines for any momentum-based trend line breakout:

XLY weekly: Consumer Discretionary is attempting a b/o:

XME weekly: Metals & Mining look to be heading to test a b/o trend line:

XRT weekly: Retail looks  a bit ‘Bull Flag’ like. Watch trend lines for any momentum-based trend line breakout:

IYM weekly: Watch as Materials heads to test the key $90 level:

IYC weekly: Consumer Services looks to be attempting a break-out too:

IYT weekly: Transport keeps on keeping on following the bullish triangle breakout:

KBE weekly: The Bank ETF has broken the 61.8% fib so I;d keep an eye on the 786% level:

SMH weekly: Semiconductors are trying to break the 61.8% fib so watch the 78.6% level:

X monthly: US Steel is attempting a breakout on the monthly chart time frame so watch this trend line as the month closes and, also, keep an eye on the $40 level:

XOP weekly: The Oil and Gas Exploration looks more bullish to me than to the Elliott Wave indicator on my chart. I’d be looking for a test of the 61.8% fib up near previous S/R circa $60:

IYR weekly: Real Estate is holding above $70: