Sector Action

[IIC]

BTW...If you are looking for index charts, this page at stockcharts has a lot of them...You do not have to be a subscriber to access it:

http://stockcharts.com/symsearch?$

[IIC]

Doug,
Anything along the order of the PHLX housing index . For some reason I can't find it after June '06.

----------billyjoe

That's funny...I was just looking around for you and that is the one I found...here's a chart link: http://stockcharts.com/h-sc/ui?s=$HG...d=p28298770047

And here are the components: http://www.phlx.com/products/sectors/hgxcomp.htm

[billyjoe]

What kind of housing index chart are you looking for?

Doug,
Anything along the order of the PHLX housing index . For some reason I can't find it after June '06.

----------billyjoe

[Websman]

Runner,
I can't find a current housing index chart. How much longer until we bottom out on this one or has it already happened? Thanks

-----------billyjoe

Judging from the real estate market in my area, I don't think we've gotten close yet. property is still at a stand still. Nobody can afford it.
It has gotten to a point where a family with an average income cannot afford a home.

[IIC]

Runner,
I can't find a current housing index chart. How much longer until we bottom out on this one or has it already happened? Thanks

-----------billyjoe

What kind of housing index chart are you looking for?

[billyjoe]

Runner,
I can't find a current housing index chart. How much longer until we bottom out on this one or has it already happened? Thanks

-----------billyjoe

Scan returns show a lot of wide range bars. This just confirms my cautious stand. As for the S&P500 the longer term uptrend remains in Tact. The Nas is testing the longer term trendline. Dow30 still in a longer term uptrend.

Runner, this is very interesting for me. USLM (one of my stocks) has oil and gas wells in the Barnett Shale formation, they mine minerals (lime, limestone, and aggregate), and they supply alot of product to Steel... I like the list of groups that you have up there.

What do you think? USLM is ready, baby!!!

Peanuts, we shall see I've got some studying to do with my initial punch out list. X stopped me out today but I see a few others in the group setting up long.

[peanuts]

thanks

Here is a list of groups that are setting up on the long side

Oil & Gas Equip and Services 4
Indep. Oil & Gas 3
Ind. Metals & minerals 3
Steel & Iron 4

Runner, this is very interesting for me. USLM (one of my stocks) has oil and gas wells in the Barnett Shale formation, they mine minerals (lime, limestone, and aggregate), and they supply alot of product to Steel... I like the list of groups that you have up there.

What do you think? USLM is ready, baby!!!

Here is a list of groups that are setting up on the long side

Oil & Gas Equip and Services 4
Indep. Oil & Gas 3
Ind. Metals & minerals 3
Steel & Iron 4

My end of week scans did not look very impressive and this will force me into a more defensive posture going forward from this point. I'll be looking for signs of weakness in the near term. As for long side Commodity related stocks may be a play. I'll be monitoring the Indices to see how they will act during a pullback.

Your spot on Billyjoe. You can often get your best shorts out of the high flyers after a nice thrust down. I normally don’t play the tops as the bull can bite your butt.

[billyjoe]

Billyjoe, should you have a particular groups chart you would like posted just give me a shoot. I've always believed being in the right group is about 1/2 the battle. Most disagree with this but that is ok. We all do things differently.

Runner,
You know how they say 80% of the stocks go down as the market drops? I agree that if you're in the right group you can do better especially by adapting to the best group's movements. That is if you want to be in the market at all during a downturn.

--------------billyjoe

Runner,
How about S&P vs. insurance for the last 12 months and maybe commercial real estate. Thanks

----------billyjoe

Billyjoe, the S&P500 has increased 8.55% since 1/3/6. Insurance sector has increased 7.93%. It does track pretty close to the S&P. I expect It to pullback if the S&P should do the same. Real Estate is currently up 21.17% for the year.

[billyjoe]

Runner,
How about S&P vs. insurance for the last 12 months and maybe commercial real estate. Thanks

----------billyjoe