Sector Action

Runner...can you give me a coupla tix in the Synthetics group?...thx...Doug

Sure Doug here they are:

PONR ALB ROC ESL CMP HUN IFF WLM CCC ICOC LNDC TORM SHI GGC AWC LDL POL RHA NCX ARJ NL NLC BZ VHI TRX MTX SQM PX BF IPHS

[IIC]

Runner...can you give me a coupla tix in the Synthetics group?...thx...Doug

The following groups have outperformed the S&P500 during the Month of December over the last 3 years.

[skiracer]

I LOVE THIS THREAD!!!!! Keep it up Runner. You're helping me out so much, bud.

I'm starting to see the turn in steel also. The winter projections are worse than I thought.

The good news, is that the Chinese glut was a one time thing that was done to avoid paying an export tax on steel and processing metals which took place after September. China is adding alot of taxes, and reducing tax incentives on many of their exports. Steel was one of the early products to see this move by the gov't.

The future impact of Chinese steel imports should not be as severe as this one-time over-supply.

It is a great thread and the best way to play the strong sectors and the strong stocks in those sectors is to be abreast of which sectors and groups are showing strength at the moment and which ones aren't. Runner has done a fine job with it and it is definitely worth paying close attention to.

Semi Equip chart still looks interesting to me. Notice the lower trendline has been acting as good support, same for the top as far as resistance. I say let the group show its hand before entering into the group. I do believe a nice move is coming and direction is unclear to me at this time. A bust up or down might equal distance to old highs in either direction.

This group chart is currently poking over the upper trendline!!

[IIC]

I LOVE THIS THREAD!!!!! Keep it up Runner. You're helping me out so much, bud.

I'm starting to see the turn in steel also. The winter projections are worse than I thought.

The good news, is that the Chinese glut was a one time thing that was done to avoid paying an export tax on steel and processing metals which took place after September. China is adding alot of taxes, and reducing tax incentives on many of their exports. Steel was one of the early products to see this move by the gov't.

The future impact of Chinese steel imports should not be as severe as this one-time over-supply.

I didn't know that...thx for the heads up Peanuts...Doug

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.

lemonjello and Jim thank you for your kind words. I wont mention individual stocks much here but just some groups that I think look interesting.

Really fine work

best thread on this site......

[lemonjello]

I second peanuts - keep up the good work runner. Great thread.

The Aluminum group is currently in a nice trend accelerated mode. We will watch for longs during next pull back. The trend meets my criteria on cleanness and bull power.

I'm beginning to see set ups on the long side...

I LOVE THIS THREAD!!!!! Keep it up Runner. You're helping me out so much, bud.

I'm starting to see the turn in steel also. The winter projections are worse than I thought.

The good news, is that the Chinese glut was a one time thing that was done to avoid paying an export tax on steel and processing metals which took place after September. China is adding alot of taxes, and reducing tax incentives on many of their exports. Steel was one of the early products to see this move by the gov't.

The future impact of Chinese steel imports should not be as severe as this one-time over-supply.

Peanuts thanks for your kind words...

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

Semi Equip chart still looks interesting to me. Notice the lower trendline has been acting as good support, same for the top as far as resistance. I say let the group show its hand before entering into the group. I do believe a nice move is coming and direction is unclear to me at this time. A bust up or down might equal distance to old highs in either direction.

[peanuts]

I LOVE THIS THREAD!!!!! Keep it up Runner. You're helping me out so much, bud.

I'm starting to see the turn in steel also. The winter projections are worse than I thought.

The good news, is that the Chinese glut was a one time thing that was done to avoid paying an export tax on steel and processing metals which took place after September. China is adding alot of taxes, and reducing tax incentives on many of their exports. Steel was one of the early products to see this move by the gov't.

The future impact of Chinese steel imports should not be as severe as this one-time over-supply.

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.

Telecom has been in P/B mode pretty much since posting it here. I'm still longer term bull in this group.