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Strategies & Market Trends : Three Amigos Stock Thread
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To: Magnatizer who wrote (24330)3/26/2001 7:03:55 PM
From: Sergio H  Read Replies (1) of 29382
 
Mag, a substainable rally will need market leadership from
one of the tech sectors. The most likely candidate to step up is semiconductors. The Naz had a rare up week last week as the Sox gained almost 18%.

Today's rally lacked tech participation and leadership. I suspect that MU's earnings report will set the tone. I thought they were due to report tonight after the bell. Anyone know when MU is going to report?

The insiders can also be considered when looking for market leadership. When they're buying, we should all join in. Looking over insider trading points out that we're due for another 10% drop.
insidertrader.com

I think that the Murphy sector rotation chart that you and Miles have referred to is a great guide to picking the right sectors for today's market climate. Look at the home builders surge today, for example. Perfect illustration of a consumer cyclical sector hitting its stride.

Consumer cyclical, defense stocks (UTX looks like it will hit triple digits) and utilities (almost a 30% pop in
Cal. utilities today) are in play. Regardless of what he plays, its good to see that thanks to cooperation between govt. and industry, Ken will be able to keep a light on in the barn soon, all night if he wants to.

Sergio
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