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Nov 14 2011, 04:51 PM
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![]() www.TTHQ.com Group: Admin Posts: 8572 Joined: 20-August 03 From: Cincinnati, OH Member No.: 1 |
SectorVue comments for Monday November 7th, 2011
Follow us on Twitter @SectorVue Market Location and Horizon Fall Back? The Dow Jones finished the week down 247 points while the Nasdaq 100 NDX slipped 44 points Midcap MID stocks are leading the broad based list as investors focus on solid growth and recent earnings reports. The Volatility index VIX is hovering around 30 shrugging off the European soap opera. Sector Action for last week was minus 247 with 33 Sectors up and 2 down. The Market Barometer slipped but recovered nicely and is still in bullish territory. (see graph on page 4) Rydex Alerts- In bullish Russell at Rydex. Short term Trading indicators- Bullish Market Breadth - Cumulative Market Breadth is bullish and climbing. (see graphs p 4) INTERMEDIATE TERM TRENDs- Bullish INTERMEDIATE OSCILLATOR - oversold buy on October 3rd. Managing to stay in bullish territory and just above the top of the recent trading range. Spring Forward. Last week the Eurocrises was front and center and the soap opera continues. Our stock market is beginning to shrug off the news headlines and it appears investors are beginning to buy on dips after being rewarded for buying the September lows. If the Eurocloud does blow over we could see a big jump to the upside as shorts cover and sideline cash comes in. Income GPS stocks average 10.49% divided with steady price action and positive total return. Email SectorVue@gmail.com for a sample of our high dividend stocks GPS or SectorVue letter including current buys and sells. Sector and Market Review— Disk Drive DDX- Number one in overall rank as Sandisk SNDK, Netapp NTAP and Seagate STX lead the tech rally. Natural Gas XNG and Oil XOI- Second and third in overall rank . We own Southwestern SWN, Total TOT and Conoco COP. Took a nice profit on Gulfport GPOR. Looking for Oil Service OSX Sector to play catch up. Cyclical CYC- has worked its way into the top ranks as economic reports improve. Railroad CSX, United Technologies UTX and Chemicals Dupont DD and PPG have all found strong buyers over the last few weeks and are holding recent highs. Ultra ETF’s- Ultra SP500 Bullish SSO has been a good buy on daily V bottoms. Gold XAU- The stocks are up in price from recent lows however the index has not risen in rank at all which makes the rally suspect particularly with knee jerk rallies on Euronews. Biotech BTK - Dead last in overall rank which is holding the Nasdaq back a bit. There is some takeover activity in Medical Devices IHI and Healthcare Providers IHF like our Healthspring HS. Biotechs are ripe for cherry picking. This email is copyrighted material intended for the addressee only. SUBSCRIPTION INFO – Follow us on Twitter @SectorVue A sample copy of the entire SectorVue, Rydex Alerts or Income GPS newsletter via email may be obtained emailing sectorvue@gmail.com. Requests for a sample newsletter must include full name and voice phone number. We do not share information with anyone. Rydex alerts and Income GPS are priced separately. This report is for educational purposes only and does not constitute "investment advice". |
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Lo-Fi Version | Time is now: 20th June 2013 - 03:25 AM |