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Strategies & Market Trends : News Links and Chart Links

SPXL 223.55

+0.3%

Dec 4 4:00 PM EST

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To: ajtj99 who wrote (185)	5/21/2001 1:13:07 PM
From: Les H	Read Replies (1) of 29601

10:02 AM A hint of consolidative behavior in the equity market can be seen in the action of economically sensitive stocks. Cyclicals, for example, are down 0.6% after reaching 16-month highs on Friday. There's also weakness in basic materials stocks, which are down about -0.5%. These stocks also reached 16-month highs last week. Weakness in these leaders can be looked at in one of two ways. First, the weakness may be a sign the equity market is set to consolidate or, 2) the market may be churning in a bullish way--the market may simply finding new leadership as bull markets do. The weakness may simply be rotation.

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