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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.58

+0.3%

Nov 5 4:00 PM EST

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To: pater tenebrarum who wrote (39328)	2/6/2000 7:05:00 PM
From: Rob S.	Read Replies (1) of 99985

I took at look at market sectors - I think we will see more volatile sector rotation in the coming weeks: For example during the past few days the tech and bio-tech stocks went from boom to bust and back to boom. These swings have often not been participated in by the general market - or they have traded contrary to each other. So maybe the question of the day is not "what will the market do?" but rather "what sector should I buy or short?" Any comments on my analysis are appreciated. Sector Rotation List Abreviations: ST = Short Term LT=Long Term OS=OverSold OB=OverBought ATL=Advancing Trend Line DTL=Declining Trend Line MA=MovingAverage STOC=Stochastic Indicator Ind=Indicator Ext=Extreme RB=Rebounding ResL=Resistance Level SupL=Support Level ACC=Accumulation RS=Relative Strength MS=MoneyStream Housewares: Ext.ST OS. This sector should rebound. LT MA is down Toys/Games: Bouncing off four year low. Shows increased ACC May rise for a while and then trend down to retest low ST & LT OS Containers/paper: Ext OS coming off 14 month low. Shows little ACC so far shallow move up likely Utilities: Challenging new highs and coming into ResL Hedge against inflation and interest rate sensitive stocks Investment Brokers: Positive MA. Favorable ACC Inds. Good RS Should move up Reatail Apparel: Positive ACC trend, at ResL might bounce down ST before resuming upward trend Household Products: ST OS. Bottom of STOC Should bounce from this level Oil-International: Ext. OS Building matrls: Ready for a rebound Restaurants: At LT SupL. Ready for move up Oil-Domestic: ST OS, LT trend still negative Electonic-Semiconductor: ST Ext. OB. Looks ready for a pull-back MS and MACD look diverged from trend but upward trend remains in place Specialty Retail: Bouncing off 11 month low. STOC moving up. Could retest period low soon. Probable bounce due to earnings and retail sales growth. End of earnings period could spell retest. Electronic Equipment: Poised for rebound. Been slammed lately. LT trend bearish Electronic Instruments: ST Ext. OB. Pull-back or sideways action likely for a while MS ind. look positive LT Coomunications Equipment: SE Ext. OB. Pull back likely. MS ind. look positive Medical Products: Rebounding. Trend looks speculative buy Specialty Chemical: Ext. ST OS. A buy at this level for at least a rebound Computer Systems: Recently making move up. Failure to make new high within a couple weeks signal for a downturn. MS ind. bearish Computers Software: Challenging new high but MS ind. not. MACD. BOP Bearish. Microsoft may be exception. Drug Manufacturers: Looks good - wait on a pull-back. MS in right direction Auto Parts: Near 4 year low. Ready for a move up. MACD looks very bullish RS looks good despite lows. A buy sector. Business Equipment: Retesting LT lows. Looks ready for major rebound. At support level.

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