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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: GROUND ZERO™ who wrote (13608)1/25/1999 1:03:00 PM
From: SE  Read Replies (2) of 44573
 
Consumer Products (broad class - CMR) 12.95
Banking (BIX) 5.12
Drugs (HCX or DRG) 8.9
Telecom (XTC) 6.43
Oils (XOI) 3.74
Networking (NWX) 2.46

Of the above, CMR, BIX, HCX, NWX are all looking as if they want to turn up at this point. All still on sells, but the moving average line on MACD is above the signal line, although all are still below the 0 line.

XOI and XTC are stagnant to lower.

Kind of interesting to watch the action behind the scenes and see what is really going on within an index. I think it is valuable even if I don't develop any trading signals from it.
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