Like all market rebounds, this one has strong leaders and clear laggards. Of course, the leaders this time around are not the same ones that we saw leading the way with the last rally.Listed below are the sectors that I’ve observed to outperform the overall market since early last week. There’s also one industry I consider “on the verge”. And, there’s one industry that I’m surprised to say has been convincingly bearish.

Bullish

Commercial Vehicles And Trucks - These stocks rallied nicely on Monday, gaining 3.16%. It’s a pretty fairly big deal because they also made a small gain last week after literally a year’s worth of negative performance. It’s not that they’re not capable of making gains. Their problem has been the inability to hang onto gains. For that reason I don’t know that I would expect too much. But, there could be a trade somewhere in here.

Gambling - The last several months have been one of those few bearish periods where the casinos actually did not rally, but rather fell with the market. That may be about to change though, after watching these names rally last week. There’s a ton of room for these stocks to rebound.

Hotels - For the same reason that the gambling stocks perked up, so too have the hotel stocks. The recovery potential may not be as great as it is with the casinos and gambling equities, but it’s still pretty good.

Industrial Machinery - Talk about obscure. Still, this group has made one of the strongest breakouts of the overall rebound effort. To some degree, they may go hand in hand with the commercial vehicles and trucks category; in other ways, not. We just like the recent move.

On The Verge

Mobile Telecom - The charts of the stocks haven’t exactly made upward progress in recent days, but they’ve made continual effort. If they can just get a little better push off, we can see a substantial rebound here as well.

Bearish

Soft Drinks - the soft drink companies have been in a freefall since April, and are still trading at 52 week lows. There’s not even been a hint of upside pressure here.

We’ll follow up later on in the week with some specific ideas for each of these categories. I just wanted to plant a few seeds today in case you’re looking for ideas or the market’s hot spots.

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