Sector Action

[dmk112]

Sectors: I like...GOLD, METALS and OILS.

I think we may be in store for a correction here in the non-commodoties.

[Runner]

Sectors: I like...GOLD, METALS and OILS.

I think we may be in store for a correction here in the non-commodoties.

DMK that is where I'm focusing. I messed around and missed GLD the other day.

[dmk112]

DMK that is where I'm focusing. I messed around and missed GLD the other day.

Utilities too...I messed up too with D. I missed the order by some pennies...Sometimes I think I obsess too much over the perfect entry and tha's how I miss some good ones. It broke up nicely today.

[Runner]

Utilities too...I messed up too with D. I missed the order by some pennies...Sometimes I think I obsess too much over the perfect entry and tha's how I miss some good ones. It broke up nicely today.

I think it is funny how often we lose dollars farting around with pennies..LOL

[Runner]

Well several on my Friday's list did well today. I did not buy any as It has been a very busy day. I just got back from an awesome concert. My wife and I went to see America. Old group and I bet many on this forum remember this group from the late 60's.

I do not see much from my scans going into next week. Here was my target list for today.

ACI STLD RES NDAQ GLDN PETD PBR XTO PCU FST PXJ

[IIC]

Well several on my Friday's list did well today. I did not buy any as It has been a very busy day. I just got back from an awesome concert. My wife and I went to see America. Old group and I bet many on this forum remember this group from the late 60's.

I do not see much from my scans going into next week. Here was my target list for today.

ACI STLD RES NDAQ GLDN PETD PBR XTO PCU FST PXJ

I remember AMERICA...but from the 70's...They sang "Horse With No Name"...On the first part of the journey...blah blah blah...I liked that song

[Runner]

I remember AMERICA...but from the 70's...They sang "Horse With No Name"...On the first part of the journey...blah blah blah...I liked that song

Doug, "Horse With No Name" was the final song they sang tonight. I thought you would remember them as they are from California. They kept the same sound and same members except the bass player. They also will be releasing a new album in Jan called "Here and Now".

[Gwhiz]

the gold industry has BEEN breaking out.

THoughts on REITs?

[IIC]

Here are the MG Sectors sorted by 3 mo % performance:



If you would like to break it down by group and then by group components you can do so starting here: http://trimurl.com/87F ...IIC

[Runner]

the gold industry has BEEN breaking out.

THoughts on REITs?

Which one? Many have busted down out of channels

[Runner]

Here are the MG Sectors sorted by 3 mo % performance:



If you would like to break it down by group and then by group components you can do so starting here: http://trimurl.com/87F ...IIC

I can break it down further. This is a scan using the S&P500 from its current top to current day. During this slight pullback the S&P500 has lost 1.78%. The following Majors have increased over same period.
Metals & Mining .93%
Chemicals .46
Diversified Services .02

Largest drop was in Retail -4.76%

[skiracer]

One of my favorite groups along with CSN and CNSY sometimes. Was it "Ventura Hwy". One of my favs.

[Runner]

One of my favorite groups along with CSN and CNSY sometimes. Was it "Ventura Hwy". One of my favs.

Ski, the concert was awesome. We had great seats right up in the front. What I like about America is they are still true to their style and sound.

http://www.venturahighway.com/index.php?&MMN_position=1:1

[dmk112]

The OILS bounced really nicely on Friday (without me ) although I do still have some calls in the XLE so it's not too bad.

[IIC]

the gold industry has BEEN breaking out.

THoughts on REITs?

Depends on your goals...as a fairly conservative long term strategy REIT's are a good bet for maybe a 12% annualized gain.

But if you are looking at 1-3 years I would suggest that you investigate different REIT sectors. Just off the top of my head I think those that invest in Apartment Buildings should do well the next couple of years as housing affordability, even w/ prices dropping, will keep apartment vacancy rates low...Not to mention all the people that get foreclosed...They'll have to move somewhere and unless a bunch of apt. renters snap up foreclosures I think apartments will do well.

Speaking of apartments, I live in West LA...A new complex opened up on a major street (Venice Blvd) not all that far from me. I would not call it a "Prime" area like Wilshire Blvd. or Century City...It is probably 5 or 6 miles from the beach...The 3 bedrooms are going for $2,895mo...It seems to be filling up pretty fast too....Doug(IIC)