SectorVue weekend update for Monday November 17th , 2008

Headbangers Ball

The Dow Jones closed down 446 points for the week and the NDX fell off 92 points. Had 
the market closed at 3:30 Friday it would have been close to even. The Dow Jones had 
intra-day swings totaling 3500 points for the week. Unprecedented Volatility means the 
VIX is still on top of the broad market ranking. The Russell index RUT is on the bottom of 
the heap with a lot of financials and companies feeling the credit pinch.

Sector Action for the week was minus 747. 1 Sectors finished up (Water PHO) and 31 
were down. Our Market Barometer bottomed out on October 10th and is making 
headway toward bullish territory albeit with difficult steps.

Rydex Alerts-  Back and forth with the thrashing swings. Currently in bullish positions 
looking for a bounce Monday.

Short term Trading indicator-  Market breadth oscillator is very over sold. 

INTERMEDIATE TERM TRENDS-   still negative buy less so.

INTERMEDIATE  OSCILLATOR - Oversold - still rallying from the October 10th buy signal.
 
The intra-day swings are keeping investors out of the market or turning them into day traders. 
Sometimes fun many times frustrating we have pursued trading the Ultra ETF’s and investing in 
ultra high dividend etfs.

Utilities UTY-  Number one in overall rank. There are several good reasons to own 
utilities including good dividends, lower fuel costs and monopoly status. 

Banking BKX- continued to tank and are now at the bottom of the heap with the Home 
builders. Note to FDIC the patient is still on the table hoping for a normal heartbeat.

Ultra ETF’s- Traders market. These leveraged etf’s offer perhaps the only way to gain 
ground in this back and forth market.

Water PHO- the only sector managing a gain. A necessity for sure and we will look at the 
stocks this week.

Gold XAU- perking up in rank although price is still lagging. Freeport McMoran FCX has a 
nice dividend while you wait.

Housing HGX- I hear that one National homebuilder sold all of ten homes last week. Price 
declines and a working mortgage market is needed to find the bottom in home prices.

Autos are the ‘bailout of the week’. Expect some wrangling over this as the last bailout is 
not working well and General Motors has to be one of the worst managed companies of 
the last twenty years.

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This report is for educational purposes only and does not constitute "investment advice".