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  SectorVue  
    by David Schultz  
       
   
 
SectorVue weekend comments for Monday November 2nd , 2009 Fall Back The Dow Jones fell 259 points and the NDX fell 86 points as selling snowballed into the end of the week. The Russell index RUT is dead last and overall market breadth is bearish with more stocks falling than rising. Volatility VIX spiked up as traders hit the fear button. The Dow has fallen 400 points since we warned to ‘fasten your seat belts’ on Weds the 21st. Sector Action for the week was minus 2090 with all Sectors down. The Market Barometer gave us fair warning of the top and headed straight down since Oct. 19th. Rydex Alerts- In Cash after taking some profits on the daily swings last week. Short term Trading indicator- Market Breadth Oscillator and Trading indicators are oversold. Market Breadth - Cumulative Market Breadth is now in a confirmed down trend. This means we should be selling and not buying stocks. INTERMEDIATE TERM TRENDS- Neutral to negative. INTERMEDIATE OSCILLATOR - Topped out August 4th and again Sept. 16th and the third Strike on Oct 19th. When more stocks are going down than up we call that a Bear Market. At the least the Bulls and Bears are taking a ‘look see’ as we finish this round of earnings and outlooks. Retail RTH- Tops in overall rank which is normal this time of year. If retail rolls over from here this will be fertile ground for Shorts. Internet DOT - This market peaked with Google’s GOOG earnings pop so Google is the number one wind sock for this market. Oil XOI- Still in the upper ranks although the stocks are rolling over while the price of oil remains close to recent highs. Ultra ETF’s- BGU, SKF and TWM are tradeable. Agribusiness MOO and Cyclical CYC - fell off a cliff in relative rank which does not bode well for the economic outlook. Utilities UTY- Underperforming and in the tank. Housing HGX- Dead last in overall rank. Whenever someone says the economy depends on a recovery in housing I get a pang. Housing is recovering -- back down to were it should be sans bankers and politicians schemes. This bubble will not be near its end until people want to puke Real Estate. Jingle mail does not even prick the balloon. Happy ‘hot potato’ foreclosures is all we have seen so far. Some egocentric builders have tightened their belts but have not been taken to the woodshed yet. SectorVue and Rydex alerts are for educational purposes only and do not constitute 'investment advice'. No representation is made that strategies will produce a profit. There is risk of loss in all trading. This email is copyrighted material intended for the addressee only. SUBSCRIPTION INFO A sample copy of the entire SectorVue newsletter via email may be obtained emailing sectorvue@gmail.com. Requests for a sample fax must include full name and voice phone number. Subscriptions are $500 per quarter for individuals $1000 per quarter for professionals. Rydex alerts priced separately. This report is for educational purposes only and does not constitute "investment advice".
 
   
   
   
 

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