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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 660.19-0.8%4:00 PM EST
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To: Johnny Canuck who wrote (51218)1/17/2015 10:50:46 AM
From: E_K_S1 Recommendation

Recommended By
Davy Crockett

  Read Replies (1) of 68092
 
Hi Johnny -

Re: Bell curve average comparisons.

This was a chart I had not seen before. It's simple but shows where the money flows are and into which sectors. The thing that popped out to me was Oil of course but I wonder if any of the new money flow 'sectors' would eventually correlate with:

1) the DBA (Ag sector) and/or CORN . . . perhaps an indication for money flows into or out of food companies

2) confirmation of sell and/or buy sells in your $SPX/$TRAN

3) Bottom may be near for Metals and/or Oil specifically $XLE and/or $GLD. (NOTE: I noticed some interest in steel stocks; GGB and more selling in copper stocks; FCX)

Here is the link of the post: goo.gl



I recently bought a few miners thinking there could be a turn in the metal stocks. I added Anglo American plc (OTC Markets: AAUKY) & started a new position in Nevsun Resources Ltd. (AMEX: NSU). I was very close to another add in Freeport-McMoRan Inc. (FCX) -NYSE but was concerned by the large drop in copper prices indicating a possible general continued economic slow down in China & EU. FCX price hit a multi year low last week so probably worth another look. Also, I noticed some activity in the steel stocks specifically GGB which I owned a few years ago.

The charts seem to confirm the bottom is near in many of the metal and resource stocks.

EKS
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