>>Finally concensus on the sector rotation.<<
Stuff that ran like hell on this rally was everything that was beaten down 45-60% on the year. Airlines, semiconductors, computer hardware, networking. They grabbed all these and the dollar stocks and ramped 'em, now where the hell do they have left to go? What are they gonna do, go back to ramping MO and LMT?
Check out the compression in the stochs on LMT, looks like it wants that gap at 40:
stockcharts.com[a,a]dhclyiay[de][pc12!b21!b50][vc60][iUo35!Ue12,26,9!Ue6,13,9!Lh14,3!Ll11!Ld70!Lc1!Ls12,37,14]&pref=G
Don't think I'll go there with Iraq on the burner, though. |
