WINNERS AND LOSERS
Markets starting to look like a bull again- checking the sectors that should be getting us off the bottom the quickest from March 6 close:
SOX +29%
XLK +22.4%
XLB +29.4%
BKX +65%
XBD +48.2%
XLF +56.8%
IYF +49.4%
IAI +41%
RLX +37%
XRT +35%
And the laggqards should be:
XLP +10.7%
DRG +8.2%
XLU +12.8%
CMR +19%
SPX +23.3%
NDX +23.6%
DJIA +21%
So looks like things are playing out the way they should for a new bull - semis, tech, retail and fins leading while drugs and consumer staples lag.
BESPOKE with some levels;
BESPOKE % above the fiddy;
Candlestick trading and moving averages;
Identifying a Market Bottom;
The Gross gift;
More from Gross;
Double Digit unemployment WHEN not IF;
Crossfire = Tom Braden;
Bear market rallies;
Inside the Obama/Bank Ceo meeting;
1 Comments:
Semi (SMH) on daily chart look like a BIG rising bear flag, that's all... it would try to do a rounded bottom reversal (a big round bottom), but I think most likely, if that's the case, IT WILL FAIL! And when rounded bottom fail, look out below... We are not in a new bull market, no way, too much debt and AMERICA IS DESTINE TO FAIL!
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