It’s no surprise with the HUGE spike in oil prices on Thursday and Friday of last week, we find oil stocks climbing back into the top performing sectors for the first week of June. Coal continues to cling to the top spot as Semiconductors and Soaps & Cosmetics round out the top 10%.

In our technical screens, we find Telecom and Electricity index charts attractive and possible emerging up trends in Healthcare. Investors looking to take a diversified approach to healthcare can look to iShares Global Healthcare (IXJ), iShare Healthcare (IHF) and PowerShares Healthcare (PTJ). For Telecom, iShares Global Telecom (IXP) and its 2.3% dividend could be a nice total return play for investors waiting out this choppy market.

On the downside, Aerospace charts look unhealthy and we would avoid initiating any new positions in aerospace stocks. Aggressive investors might even consider shorting iShares Aerospace ETF (ITA). The Correct Call would also advise against holding iShares Sweden (EWD), Belgium (EWK), Europe 350 (IEV), Taiwan (EWT), Singapore (EWS) and iShares Global 100 (IOO).

Performance wise, these sectors lagged at the bottom of the pack last week.