Industrials still the way go to....
The S&P 500 Industrial Sector still seems like a safe play for this market. On the weekly chart above, you can notice the defined "cup and handle" formation that is a classic technical analysis formation which suggests higher prices are still to come. While this year has seen significant returns in this sector, it should provide more positive returns going forward.

Overall, the market seems to have given way to new highs in the DOW as well as a breached formation in the SPYs. The SPYs have broken it's upward trending channel that twas created over the last year or so. With the rally in the Spiders, coupled with early projections of a steady holiday shopping season, we might see the market trend higher.

However, there are still lingering issues that could derail this rally. Nuclear proliferation, a large US deficit, inverted yield curves, and an overall feeling that this market has been rallying for almost 3 years are still on the table with no clear indication of resolution. The recent Democrat Party win for the US Congress might also suggest where the market is headed once they come to grips of reality and what solutions they enact in this current political and economic environment.

Names to keep an eye on......

Personally I own REV.... possible contrarian play.. and it's only $1.59!!!
Silver and Gold mining companies.. RNO, PAAS, NTO have been in the portfolio with significant gains, possibility to add more down here.

PEIX!!! Looking good on the Alternative Fuel play.. Democrats could make a push for the country to shy away from foreign oil and thus would push more research and money into building a quality fossil fuel alternative industry.

Good Luck  ¶ 11:57:00 AM