ETF Screener: All The Energy Is Now Defensive

Web headlines declaring recovery doubts are everywhere:

• Oil falls near $62 on recovery doubts
  
• Asia Currencies Fall, Led by Rupee, Ringgit, on Recovery Doubts
  



Mexico Stocks Open Lower On Global Recovery Doubts; IPC -1.1%

World stocks tick lower on recovery doubts



• OIL FUTURES: Crude Lower; Eyes Economy, US Inventory Data
  

And there’s a lot more of this foul tasting financial medicine. Heck, even The White House’s cheering section is starting to have its doubts: from Lisa Benson at the Washington Post’s Writers Group.

We see this reaction to the lack of stimulus in today’s ETF Screener. Almost all the new technical analysis buy signals are in defensive sectors. All around the world we see Utility ETFs and Healthcare ETFs sporting bullish MACD crossovers on their stock charts:

• WisdomTree International Health Care (DBR)
  
• PowerShares Dynamic Healthcare (PTH)
  
• PowerShares Dynamic Healthcare Services (PTJ)
  
• iShares Dow Jones US Utilities (IDU)
  
• iShares S&P Global Utilities (JXI)
  
• UltraShort MSCI Emerging Mkts ProShares (EEV)
  
• UltraShort FTSE/Xinhua China25 Proshares (FXP)
  
• iShares S&P Global Consumer Staples (KXI)
  
• SPDR S&P International HealthCare Sector (IRY)
  
• iShares S&P Global Healthcare (IXJ)
  
• Claymore/Sabrient Defensive Equity (DEF)
  
• PowerShares Autonmc Bal Gr NFA Gbl Asst (PAO)
  
• PowerShares Dynamic MagniQuant (PIQ)
  
• First Trust Value Line 100 ETF (FVL)
  
• First Trust Consumer Staples AlphaDEX (FXG)
  

The ProShares Short Emerging Markets (EEV) seems like a logical recovery doubts play. If the super economies are slow to mend, the emerging markets can be broken for some time to come. It looks like Oil ETFs are broken too. On the flipside of our ETF screener, we see Oil ETFs an Energy ETFs taking hit on their stock charts. The new ETF sell signals include:

• iShares Dow Jones US Oil & Gas Ex Index (IEO)
  
• iShares S&P North Amer Natural Resources (IGE)
  
• SPDR S&P International Energy Sector (IPW)
  
• Market Vectors Nuclear Energy ETF (NLR)
  
• Oil Services HOLDRs (OIH)
  
• Rydex S&P Equal Weight Energy (RYE)
  
• SPDR S&P Oil & Gas Exploration & Prod (XOP)
  
• iShares S&P Global Nuclear Energy Index (NUCL)
  
• First Trust Dow Jones Internet Index (FDN)
  
• Internet HOLDRs (HHH)
  
• PowerShares DB Agriculture Dble Long ETN (DAG)
  
• First Trust DB Strategic Value Index (FDV)
  
• iShares Dow Jones US Aerospace & Defense (ITA)
  
• Rydex S&P 500 Pure Growth (RPG)
  
• RevenueShares Large Cap (RWL)
  
• SPDR Dow Jones Mid Cap Growth (EMG)
  
• iShares S&P MidCap 400 Growth Index (IJK)
  
• SPDR S&P Retail (XRT)
  
• iShares S&P Global Cons Discretionary (RXI)
  
• Materials Select Sector SPDR (XLB)