Join        Login             Stock Quote

Monday Sector Strength - Mar 25 2008 10:22AM

 March 25, 2008 10:21 AM

HeadlineCharts.blog.com has finally switched from bear to bull.  Today's new lows were contained and the Tbill rate rebounded.  Combine these technicals with the 'market rally' signal by IBD and the bullish stance by Ken Tower, and you have a decent chance of higher prices ahead.

You are probably wondering what happened to the Saturday Bullish Percents.  I couldn't post because I lost my spreadsheet to a computer virus on my lap top which now has to be reimaged. 

I just can't bring myself to buy financials with all the unknowns, and I have no confidence in discretionary stocks in this environment.  I'll probably fill my trading account with index ETF's instead. 

Will the lower channel support hold for the energy /financials ratio?  This should be an interesting test.

Before getting too excited about financials, check out the bullish percent which has already surged to a level that is close to overbought.  Also, let's not forget that the ECRI has now projected a recession.  I'm leaving 10-15% cash in my retirment accounts to use to buy an inverse ETF in the event that this rally is short lived.  And I'll also be ready to cash out of any trading account investments if the market starts to falter.  Being cautious and conservative seems like a good idea despite the nice market signals.
iOnTheMarket Premium


Comments Closed

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

Popular Articles

Daily Sector Scan
Partner Center

Related Articles:

GDP Growth Is Not Exogenous

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.