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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.
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