Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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From: Fintas	4/2/2013 11:53:34 AM
	1 Recommendation Read Replies (1) of 221579

A little tidbit for those who track. The bell curve was at 64.2. As I suggested I was expecting some shifting left and as of this am STEEL has fallen out of favor in that 50 group to shift left to the 44.6 area. While that is occurring there is now some separation between a couple of columns. That supports what was once TIGHT and stack upon stack side by side is now STACK of 8.. couple of sectors (includes drug + semi at 52), 3 sectors (software, health, textile) STACK of 7. Then it's stack stack stack stack the last group in the 80's Add to this the spx 10 week momo which was at 84 dropped to 72 and has bounce to 75 is now doing the do we retest that 84 or do we drop. REGARDLESS. That risk down is far greater than UP. Each sector will act independently as we move along. Some will work their way right. Gas Util and Electric Util seem to be doing so. Insurance is at 86 and is fueled by the latest round of news. But in there is housing, auto's, leisure, gaming ans a slew of others that causes me to say REALLY? As for Precious metals and non precious. Not much change. 17 and 33 accordingly. Meaning bottoming and waiting. With steel now coming to the left I'd suspect those related will do similar. As this plays out I continue to expect a 45 bell curve avg before we are done with a 50 as a better than. Regardless to get to that number more sectors will shift LEFT. That means selling. The good news is someone is buying to help shift money for those who have been selling. It is CLEAR that more are SELLING STEEL. The question is who is NEXT to fall from grace and shift LEFT from the 50. It might be wise for many to consider TRYING TO NOT BE THE LAST ONE trying to get that LAST DOLLAR or 10 spx points. IMHO FINTAS

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