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 695.16

+0.2%

Jan 12 4:00 PM EST

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From: Fintas	5/1/2013 9:51:34 AM
	Read Replies (1) of 221687

Looking at some nuances of the sectors this am as they sit on a bell curve a few things jump out at me. There are 23 sectors to the RIGHT of 60; Not to the right of 50 but the right of 60! Most of them are very basic sectors. That would suggest those sectors were ROBUST. Yet a look the FA of those sectors would say other. Meaning, those sectors are the ones that will roll left and lower than most will consider. They are UP for reasons not supported by FA but plain ol simple blind buying by the large. IMHO The sectors to the left of 50 have shifted a bit. INTERNET, CHEMICALS got a bounce to push them to the right of 50. While Drugs slipped to the left and Builders dropped from the 70's to the 60's. That trend will continue. Money will chase this and that on the pullbacks. Finally I looked at the MOMO of the spx 30 week and didn't like what I saw re the chart pattern. A sector that needs to drop but as it drops there's little under it for support. Meaning to ME, that as this market sells off the time line will be longer than most are considering. I've said that often but this latest view simply says. Long ways down to the area of support. on that spx 30 week and LOWER numbers for that near term MOMO as that plays out UGH. So bounce away ms spx and mr dow. Make a few more insignificant highs. Yet the data supports a retrace is coming and for some sectors has begun. IMHO Fintas

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