Sector Action

[Runner]

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]

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.

[Runner]

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)

[Runner]

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..

[Runner]

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.

[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

[Runner]

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

[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.

[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.

[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

[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

[Runner]

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!!

[Runner]

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

[Runner]

I put in an order at $28 even

Peanuts, I have order in at exact same price..lol

[New-born baby]

Peanuts, I have order in at exact same price..lol

And both of ya won't get filled today. lol

Well, I bit the bullet and bought the dog anyway. I like this chart. What does Runner say: don't let a few pennies keep you from a big dollar profit.