Sector Action

The Office Supply group appears to be trying to roll over. Nice sideways action for a few months and then a nice thrust out of the range. I don’t see any set ups in the group yet but maybe next bump up or retest of gap might offer a short play…

Sec triggers short

I see possible short-term gains on the long side in the following groups:

Application Software (3)
Farm & Construction Machinery (3)
Residential Construction (3)
Cement (2)
Steel & Iron (3)
Gold (2)

Few pop outs in the groups!!

[peanuts]

WNR may pullback some this morning a give a great opportunity to enter near the breakout level.

XCO is also looking very nice in this sector

[peanuts]

$27.63 is the breakout level. I'd be looking around that area--say, about $27.88 for an entry.

I put in an order at $28 even

[New-born baby]

WNR may pullback some this morning a give a great opportunity to enter near the breakout level.

$27.63 is the breakout level. I'd be looking around that area--say, about $27.88 for an entry.

[New-born baby]

Runner, I combined a list of some of the stocks from the top sectors and then looked at some fundamentals and then the charts... WNR was by far, the best-play candidate if the strength in Oil and Natural Gas continues. Today, it brokeout from a very large Cup and Handle:

NRG was a close second place

WNR may pullback some this morning a give a great opportunity to enter near the breakout level.

I like this group above the R-line. I think it could move to old highs here on a break...

[peanuts]

Energy sector

Here are my Delta Scans of groups outperforming the S&P500 from last top on 11/22/06 to current day. During this time frame the S&P was down .47%. Once again commodity related groups move out in front. Oil and or Energy in general is looking pretty good and we might be interested in entering on a pull back. Peanuts caught the strength yesterday and we shall see how they handle a p/b.

Runner, I combined a list of some of the stocks from the top sectors and then looked at some fundamentals and then the charts... WNR was by far, the best-play candidate if the strength in Oil and Natural Gas continues. Today, it brokeout from a very large Cup and Handle:

NRG was a close second place

Here are my Delta Scans of groups outperforming the S&P500 from last top on 11/22/06 to current day. During this time frame the S&P was down .47%. Once again commodity related groups move out in front. Oil and or Energy in general is looking pretty good and we might be interested in entering on a pull back. Peanuts caught the strength yesterday and we shall see how they handle a p/b.

I’m beginning to see some possible long set-ups in the GOLD group at this time. This might offer a possible 2nd entry for us that missed the first one. I’m also beginning to see shorts setting up in the APPAREL STORES. Several stocks within this group are beginning to wedge up.

I was wrong here with Apparel stores..

I see possible short-term gains on the long side in the following groups:

Application Software (3)
Farm & Construction Machinery (3)
Residential Construction (3)
Cement (2)
Steel & Iron (3)
Gold (2)

[peanuts]

I personally would wait for the energy groups to prove they can bust through old highs before I'd get to excited about them.

you are right. I should have said, "bounce", not "rally" I have doubts whether old highs will be taken out en mass.

I am seeing strength in the oil and natural gas service stocks, today. If this continues to Friday, we might be in for another rally in the sector, soon. The size of which would be the real question...

I personally would wait for the energy groups to prove they can bust through old highs before I'd get to excited about them.

[peanuts]

oil and natural gas service stocks

I am seeing strength in the oil and natural gas service stocks, today. If this continues to Friday, we might be in for another rally in the sector, soon. The size of which would be the real question...

The Office Supply group appears to be trying to roll over. Nice sideways action for a few months and then a nice thrust out of the range. I don’t see any set ups in the group yet but maybe next bump up or retest of gap might offer a short play…