Sector Action

Runner,
In doing TA on sectors do you look at the chart exactly as if it were the chart of a stock and interpret it the same way? What is the best time period for basing a sector chart? Thanks

---------billyjoe

Billyjoe, I do look at sector charts the same as stocks. I like looking into longer term charts first. This mostly is from a monthly chart. Then a move down in times frames to a daily. If I see a bigger picture pattern in the monthly that is bullish it normally has more weight then a daily chart. The telecoms chart is longer term bullish to me right now..

[billyjoe]

Runner,
In doing TA on sectors do you look at the chart exactly as if it were the chart of a stock and interpret it the same way? What is the best time period for basing a sector chart? Thanks

---------billyjoe

[billyjoe]

Ray,
I think a paper clip is one trade better than a staple, but that's just my opinion. By the way, will your staple fit a tot2000 stapler? If so I might be able to use it.

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

[RL]

Ya I saw that Billy thought I might start with a staple watca think

[billyjoe]

Runner great thread hope you stay with It. Wish I had the computer savy to do the things so many of you can do. If I did would start a contest to see who could reach $100,000,000 first. starting with $5000 and either by compounding a certain percentage or the $5000.However I have no clue on how to keep score or enter It as Rob for our POTW contest

Ray,
Did you see the guy on the news who started with a paper clip on ebay and ended up with a house?

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

[lemonjello]

Great thread idea. One good thing about ETFs, you don't check them in the morning and find they've gapped up or down against you very often. I think ETFs are the way to go.

[skiracer]

[RL]

Runner great thread hope you stay with It. Wish I had the computer savy to do the things so many of you can do. If I did would start a contest to see who could reach $100,000,000 first. starting with $5000 and either by compounding a certain percentage or the $5000.However I have no clue on how to keep score or enter It as Rob for our POTW contest

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.

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.

My first sector of interest is Telecom Domestic. I also added volume bars to this chart for those of you who like looking at volume. Here is a Macro look into the sector. First you’ll notice this guy has been basing out or running sideways for over 4 years. It is currently making multi year highs. I’m longer term bull in this sector right now.

[Gwhiz]

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 starting this thread where I can jot down some thoughts on sector action. I will be focusing on this purely from a TA perspective. The thoughts here are genuine and do not represent info from the gurus. The focus will be made on long term and short-term bases. My analysis will be wrong on several occasions and this is a given as I’m just not that good. Anyway I think it will be a nice log that I can refer back to.