Sector Action

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.

Here is a delta scan using the S&P highs on 5/8/6 to current. During this time the S&P has increased by 3.98%. The following sub-groups have been tracking very well.

Major Airlines 23.78%
Telecom Services-Domestic 21.65%
Reit-Residential 19.92%
Toys & Games 19.00%
Reit-Healthcare Facilities 18.80%

I’ve been Bull in Telecom for a good while. Heck I’m looking to change cable services and went to BLS’s site last night and was impressed with BellSouth.

Runner,
Don't know if you've done this yet. Could you post charts of perhaps the top 5 sectors or groups with the S&P 500 performance over the same time period ? It seems to me that the top sectors would prove to be more stable in a short time span than the S&P , but I could be wrong. Thanks

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

You can use comparison with any index you think is significant . S&P seems to be one that would be relevant.

Billyjoe, I can do that. What time frame would you like the "look back" to be? I normally will use the highs and lows of the S&P for the scan.

[billyjoe]

Runner,
Don't know if you've done this yet. Could you post charts of perhaps the top 5 sectors or groups with the S&P 500 performance over the same time period ? It seems to me that the top sectors would prove to be more stable in a short time span than the S&P , but I could be wrong. Thanks

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

You can use comparison with any index you think is significant . S&P seems to be one that would be relevant.

Can you share the negatives as well, please?

Group down rsi

[peanuts]

Midweek RSI group scan. Numbers indicate percent change over last 2 weeks

Can you share the negatives as well, please?

Midweek RSI group scan. Numbers indicate percent change over last 2 weeks

I’m short-term bull in the Oil & Gas Refining group right now. I still would like to see a little upward acceleration in the group. However it is trying to recover off the lows.

Energy does have some R to work through and I thus far like the fact it has worked itself past the inflection point. I would also like to see some acceleration to the upside here.

Energy is trying and I'm beginning to see set ups. I think short term profits might be made here.

Using the bottoms up approach I’m finding some set ups to the long side in the following groups.

Oil & Gas Refining & Marketing 4 stocks
Independent Oil & Gas 3
Commo Equuipment 2
Apparel Stores 2

Metals and Mining:
I’m longer term Bear in this sector on a macro basis as per monthly chart. I’m bull here on a micro level and think short-term profits might be made here.

WOW several stocks in this group melted up today. Remember your commodity related stocks trade independent of the broader market Indices.

I forgot to turn on the volume bars...

Computer Peripherals is trying to breakout to the upside.

Here is an interesting longer term pattern. I'm longer bull here on a bust up through the upper trend line.


Weekly gives closer view of action

WHat are your thoughts on commodities?
IMO that gold is about to either break out or drop dramatically, waiting on the sidleines till it stays above 60

I'm not very bullish in the GOLD groups right now. I don't like the gap down..

Ski thanks for posting the ETF chart. I'm liking TTH right now and may look for a longer term trade in it. Here is a monthly chart of it

TTH has the following AT BCE BLS CBB CTL EQ LVLT Q S T TDS VZ WIN