Sector Action

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

[skiracer]

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

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%

the gold industry has BEEN breaking out.

THoughts on REITs?

Which one? Many have busted down out of channels

[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

[Gwhiz]

the gold industry has BEEN breaking out.

THoughts on REITs?

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".

[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

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

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

[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.

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]

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

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

I've looked over all 237 sub group charts and notice many right at the bottom the their trend lines. I'm not reading much into this action yet but if the down slide continues many groups could be in trouble. For now the trend is still up. The Drug Related Products group looks like it is in a first thrust down. Transitional shorts might be coming in this group. Drug Stores is another weak looking group. Hospitals look sick. I have not looked into the groups for set ups yet.

Runner,
I can't find a current housing index chart. How much longer until we bottom out on this one or has it already happened? Thanks

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

Billyjoe, here is the weekly and daily chart of the PHLX. Notice the daily needs to get over the red line. Where it goes from here is any body's guess. I don't follow this index much.