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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: Cogito Ergo Sum who wrote (47877)5/3/2012 9:52:37 PM
From: Johnny Canuck  Read Replies (1) of 69663
 
Interesting comment from the analysts tonight on Market Call. He said he is see more and more of the gains coming from fewer and fewer sectors and that is a sign of a tired market.

He believes in seasonality in trading and essentially we have entered the period where commodity stocks don't do as well after the strong period from October to April.

He is essentially in defensive stocks for the summer.
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