8 replies to this topic

[Pabst]

I can't remember a time when SPX has been strong to every index that has an active futures contract. Tech, blue chips, mid caps, all weak to ES.

Is there a sector that's flying today?

Edited by Pabst, 03 October 2007 - 01:17 PM.

[hiker]

xhb was but failed at R

[Rogerdodger]

Tyr the market carpet http://stockcharts.c...rts/Carpet.html

[youmast]

It's because of Leo Melamed's rule.
This is from my 10/01 comments...

[Pabst]

xhb was but failed at R

Thanks, hiker.

Tyr the market carpet http://stockcharts.c...rts/Carpet.html

Jeez, another Radio Shack ramp get's in Pabst's way.

It's because of Leo Melamed's rule.

I worked for Leo 25 years ago. I should have done less herb and more listening in those days.

[beardown]

xhb was but failed at R

Thanks, hiker.

Tyr the market carpet http://stockcharts.c...rts/Carpet.html

Jeez, another Radio Shack ramp get's in Pabst's way.

It's because of Leo Melamed's rule.

came from my hood

I worked for Leo 25 years ago. I should have done less herb and more listening in those days.

[Cirrus]

Rotation into financials and energy IMO...especially financials

[ogm]

Rotation into financials and energy IMO...especially financials

Pay attention to retail too. Momentum has turned in the sector to the upside.
Xmas season coming up and expectations are for the end of the world.

Banks, Homebuilders, Retail... momentum only turning up there, while the rest of the stuff is taking a break.

[Pabst]

Rotation into financials and energy IMO...especially financials

Pay attention to retail too. Momentum has turned in the sector to the upside.
Xmas season coming up and expectations are for the end of the world.

Banks, Homebuilders, Retail... momentum only turning up there, while the rest of the stuff is taking a break.

IMO, that's a topping/worry.

Cream rises to the top not Lennar.

I'm not a doomsday wacko but I see little telling me things are robust on the domestic consumption side. I'm spending more time in SoFla these day's than Chi-town and while the housing situation here isn't as bleak (yet) as portrayed in the media, prices across the board are moving lower and buyers don't seem to be responsive. It's trickling down. My neighbor owns a gutter instalation company and he's gone from being booked 6 months in advance to presently just a few days. Two years ago he was desperate for workers now he's considering layoffs.

That being said, the technicals I look at are bullish on the same names you are. As a bear though I'm more worried when tech is ramping on dollar weakness than when HD is going bid a few bucks on what will ultimately be a dead cat bounce.

Edited by Pabst, 03 October 2007 - 04:13 PM.