This sector is approaching overbought levels and I believe it will roll over soon. Pay close attention to how the sector chart $DJUSGU behaves at the 60 level on the daily RSI. This remains in a downtrend when viewing the daily chart indicated by the downward sloping channel.

Below are the four stocks I’ve identified as the weakest in the sector but be wary of NFG as they report on 5/4. I’m not a fan of holding through an earnings report and when you have other candidates to take this trade it’s better to be safe than sorry.

I took a similar trade in CTB on Friday and sold today for a 3% gain because they have earnings tomorrow.

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