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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 687.85-0.4%Dec 29 4:00 PM EST
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To: GROUND ZERO™ who wrote (48310)4/6/2013 9:19:48 AM
From: Fintas  Read Replies (1) of 220835
 
GZ. FYI; I noticed another sector rolling to the left and falling out of grace of 50 and higher on the bell curve..

So now we have Precious metals at the 12.9 and as I noted in another post taking out the previous low of 16 after bouncing to the 18.

The non precious metals have also slipped further left to the 30.97

So too STEEL which I pointed out fell from favor this past week and is now at 39 ish.

NOW add to that OIL that is at 42.7..

So that's 4 sectors now to the left of 50. Two rolling this past week.

On the right side of 50 many are now shifting left and will continue to do so. when this is done I expect to see MORE to the left of 50 than right. Since there's 39 sectors listed and 4 are now to the left that should give you and idea of what to expect.

So enjoy any bounce you get BUT expect it to fail for there will be MORE and MORE sectors shifting LEFT over the coming MONTHS. As they do the bell curve avg will DROP from the latest 62.58. I project a 45 before it's done. Regardless even if it only dropped to 50 that's a decent % down. That means many sectors have to drop i.e roll left and that means many individual equities within have to see selling.

Until

Fintas
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