Just adding a little more data to Tom's sector update. I'll recopy his post and fit in the levels the sectors dropped to:
Reversals are AERO (dropped from 24% - 16%), BIOM (Chartcraft has this group unchanged at Bull Alert 32%), BLDG (also unchanged according to Chartcraft), COMP (30% - 18%>,
DRUG (36% -> 28%), HELATH (28%->20%),HOUSEHOLD (unchanged),
INSUR (36% - 26%).,MACHINERY (16% -> 14% still Bear Confirmed), OIL (unchanged), OIL SERVICE (34% -> 18%), REAL ESTATE (unchanged),
RETAILING (unchanged), SOFT (32% -> 18%), STEEL (unchanged), TELEPHONE (28% -> 18%), WALL (30% -> 22%) AND WASTE (unchanged).........
According to Chartcraft, these sectors also reversed down:
Banks (30% -> 20%)
Business Products: (24% -> 18%)
Electronics: (18% -> 12%)
Finance: (30% -> 18%)
Europe: (36% -> 18%)
Media: (34% -> 16%)
Precious Metals (rose from 30% -> 32% Bull Alert)
Semiconductors (18% -> 10%)
Utilities Electric: (rose from 66% -> 80%)
Utilities Gas: (rose from 38% to 44%)
The groups that reversed down the necessary 6% from Bull Alert
status are now considered Bear Confirmed. I'm going to elaborate on another name this reversal is referred to in a reply I'm going to write to Judy that will follow this message.
Thanks to Tom for the heads up on these sector changes.
Best to all.
Bruce |
