Leadership today again.
Nothing else is going on in this market. I think this sector make up says everything anyone needs to know.
The whole rally is about defensive large cap stocks.
Transports red, materials annihilated, Small caps weak, Techs, industrials and energy dipping in and out of the red.
Healthcare, Biotechs, Staples and Utilities.
Started by
ogm
, Apr 02 2013 09:27 AM
2 replies to this topic
#2
pdx5
-
- Traders-Talk User
- 9,530 posts
I want return OF my money more than return ON my money
Posted 02 April 2013 - 02:39 PM
All signs, including gold, are clearly pointing to a worsening economy ahead. The defensive stocks will be the last to drop. But drop they will during a significant downturn. There is probably still a small room for profit in defensive stocks but the reward:risk ratio is not attractive to me.
Edited by pdx5, 02 April 2013 - 02:41 PM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 02 April 2013 - 02:55 PM
Yep. Everything will get clobbered eventually.
For now the strong DOW is starting to look pretty silly in what is rapidly becoming a sea of red.
