Biotechnology stocks are in best position to lead the V shaped recovery. Many of the biotech had shallow sell off and were near their pre correction high.
As the market is attempting to recover the biotechs were first to breakout. Closely followed is drug stocks. That is where best setups are currently.
Airlines is another sector doing well as low oil prices are leading to increased profitability or hope for it.
The downside is being led by oil and gas.