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Sector Ratings Set Asset Allocations

Medical has 107 stocks rated strong buy or buy and 149 rated strong sell or sell, this sector of 802 stocks gets an equal-weight rating.

Multi-Sector Conglomerates has 18 stocks rated strong buy or buy and 2 rated strong sell or sell, this sector of50 stocks gets an equal-weight rating.

Oils-Energy has 189 stocks or 33.9% rated strong sell or sell, this sector of 558 stocks gets an underweight rating.

Retail-Wholesale has 265 stocks or 74.0% rated strong buy or buy, this sector of 358 stocks gets an overweight rating. On June 27 I wrote, Buy-Rated Pit Stops Along I-95, where I profiled companies that featured coffee, fast food and casual dinning on a trip between Florida and New York.

Transportation has 136 stocks or 74.7% rated strong sell or sell, this sector of 182 stocks continues to have an 'avoid source of funds' rating. On June 19 I wrote Continue to Avoid Transportation Stocks and today the story remains the same.

Utilities has 194 stocks or 90.7% rated strong buy or buy, this sector of 214 stocks continues to have an overweight. In this sector I suggest a core position in the Utilities Select Sector SPDR (XLU) ($37.16) which bottomed at $35.80 on June 21. This ETF is on the cusp of its 200-day SMA at $37.20. My weekly value level is $35.65 with monthly and semiannual pivots at $38.15 and $39.25, and semiannual and annual risky levels at $40.39, $40.51 and $43.47.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at
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