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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (8015)2/25/2001 10:30:43 PM
From: Sergio H  Read Replies (1) of 13094
 
<I'm loosening up some funds for a bet on a bounce this week... >

Jim, I agree that a short but exaggerated rally is coming up. Commercial accounts have been shorting major indexes at record levels and are likely to cover as indexes are testing support levels.

Safest play I can find remains natural gas stocks. Although NG index is sliding, the commodity price remains high in year to year comparison and translates to higher bottom lines for NG stocks.

Key tech stocks hit new 52 week lows last week and are likely to find new bottoms in the coming weeks.

ValueLine is now recommending increasing exposure to stocks.
Looking over sectors, where do you think there will be a lasting uptrend? Transportation stocks, including railroad and trucking sectors have been red hot. An argument can be made for the biotechs. What's your call on the hot
sector(s) for the next 3-6 months, Jim?

Sergio
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