| Hi Sergio, yes I agree there is plenty of sideline cash to pressure the market upwards..I also think there will be plenty of earnings disappointments to help offset that pressure..I also agree that nearterm healthcare is a better bet than large cap tech..Looking over a couple of charts for the J funds..JAGTX should be hitting resistance,JAENX a close second..JAGLX (life sciences) hasn't moved as much and I hope it may pick up a bit of steam..Hence, that is where I've decided to hide for the time being..My biggest fear is investors will wake up and realize Q 1 earnings are going to suck,,they won't be riding on the holiday coat tails..Congrats on IBB, I've been strictly playing tech during this rally, and mainly through the J funds, when the Naz is hot, the J funds are hot<g> But it's time for a new strategy,IMO<g>. JATGX is pushing up against 13 resistance, and clearly overbought. I've managed a 40% gain off the bottom in a short time,--I'm nervous<LOL!> I'm keeping some cash on the sidelines for oil plays, but I may have a long time to wait... stockcharts.com |
