The following is my bias for the next few weeks based on how the individual groups sectors relate to the others in my
primitively constructed universe.
Basically there is constant rotation that often reveals the groups that may deviate from the mean (the market) on the next swing and that's the backbone
of my work.
General market
I feel bearish but the charts do not confirm it so I am open to anything
I have both bullish and bearish watch lists and I only act if the individual issues trigger my exhaustion or continuation patterns.
Energy
Sideways to higher
Lot of exhaustion patterns are setting up
If energy came off orderly in a general market pullback it would lead to many perfect setups
Biotech
Sideways to lower
Opposite of energy
Many exhaustion patterns are setting up but they have to trigger.
In a general decline Biotech may be one of the weakest
Housing
Higher, on the move already, so one needs quality pullbacks to get on
Precious metals
Sideways
There have been lot of anticipatory buying but it is still weaker then the market
VIX and related
I am a buyer of volatility on any good rally in the market partly as a hedge and also as a directional bet
I will post some actual trades (given time) as they come up
Have a great 2015 everyone!
Cheers
F&D
FF Equities Energy Biotech Housing PM
Started by
flyers&divers
, Jan 03 2015 09:50 AM
1 reply to this topic
#1
Posted 03 January 2015 - 09:50 AM
"Successful trading is more about Sun Tzu then Elliott." F&D
#2
Posted 03 January 2015 - 09:01 PM
i have a bias but I agree with your energy prediction, bio could go either way as the market, and on funnys I agree on housing - but it sounds like you are doing a kind of RS ranking with a twist? any particluars?
thanks for sharing yr thoughtful post...
best,
klh
klh