Morning Jenna
WOW!!!! that's a lotta work!!!!!!!! Sheesh!!!You're unabashed generosity keeps putting smiles on my face...oh yeah..you 2 LastShadow<g>...you guys are terrific...
Ok here's my "Dorsey Speak" on sectors...obviously when sectors are "HOT" the stocks within the sectors are the cause!!!! I have been watching Dorsey's peramaters on sector OB/OS percents%....
here they are...and here is a basic explanation...A sector is OB above 70%, if it hits 80% i would sell any and all stocks in that sector...A sector is OS at 30%, if it hits 20%, this would be a "bottom", and you could look for a rebound...
We here are more "Rightway" players, Bullish, momentum, trend players...very few play puts, or shorts on this or really on most threads...Besides in a trending upward market when the bull is running rampant, stocks surge quickly and ususlly trend longer in that direction...hence that's why I buy calls....In fact at this very moment i have only 1 put play and 1 short...i am long everything else at the moment...
Level
Chart
Aerospace Airline
Bull Confirmed
70%
Click
Autos & Parts
Bear Correction
60%
Click
Banks
Bear Correction
80%
Click
Biomedics/Genetics
Bull Alert
44%
Click
Building
Bear Correction
64%
Click
Business Products
Bull Confirmed
58%
Click
Chemicals
Bear Correction
60%
Click
Computers
Bull Confirmed
56%
Click
Drugs
Bull Confirmed
62%
Click
Electronics
Bull Confirmed
56%
Click
Finance
Bear Correction
66%
Click
Foods Beverages/Soap
Bear Correction
60%
Click
Forest Prods/Paper
Bull Alert
68%
Click
Gaming
Bull Confirmed
58%
Click
Healthcare
Bull Confirmed
50%
Click
Household Goods
Bull Confirmed
70%
Click
Insurance
Bear Correction
78%
Click
Intl Funds
Click
Latin America
Bull Alert
36%
Click
Leisure
Bull Confirmed
50%
Click
Machinery and Tools
Bull Confirmed
62%
Click
Media
Bull Confirmed
70%
Click
Metals Non Ferrous
Bear Correction
56%
Click
NYSE Bull Percent
Bull Confirmed
70%
Click
OPTION BULL PCT
Bull Confirmed
72%
Click
OTC Bull Percent
Bull Confirmed
62%
Click
Oil
Bull Alert
50%
Click
Oil Service
*Bull Correction
42%
Click
Precious Metals
Bull Correction
26%
Click
Protection Safety Eq
*Bull Confirmed
52%
Click
Real Estate
Bear Confirmed
72%
Click
Restaurants
Bull Confirmed
54%
Click
Retailing
Bull Confirmed
72%
Click
Savings & Loans
Bear Correction
80%
Click
Semiconductors
Bull Correction
50%
Click
Software
Bull Confirmed
66%
Click
Steel/Iron
Bull Alert
48%
Click
Telephone
Bull Confirmed
66%
Click
Textiles / Apparel
Bear Correction
56%
Click
Transports / Non Air
Bear Correction
64%
Click
Utilities / Electri
Bull Confirmed
88%
Click
Utilities / Gas
Bull Confirmed
74%
Click
Wall Street
Bear Correction
72%
Click
Waste Management
Bull Confirmed
54%
Click
S&P 500
Click
Amex Bullish Percent
Bear Correction
50%
Click
Copyright c 1995-1998 Dorsey,
If you can picture this in your mind....draw a horizontal line with 0(zero) on the left edge, and 100 on the right edge, and directly in the center a perpendicular line with 50 in the middle...if you looked at this picture with ALL the sectors shown there, the obvious picture would be a major bias toward the right side the Overbought side leaning to 100...very very few sectors are on the left side at the moment...at some point in the not to distant future we will correct this imbalance, IMO 10-13% from the top???? what ever that top will be...don't try to guess it...don't worry about it...we'll see it clearly as we progress...
As far as the techs are concerned...i would avoid all techs unless your a daytrader...don't bottom fish here...I still think that they will as a whole MISS their numbers for this Q, and definately WARN about the next Q....we can & will be tech buyers late June-July time frame...we'll see that too..
So that's my looksee out at the future & here are the %'s from Dorsey'..BTW 2 very important ideas here...a BULL ALERT or BEAR ALERT usually means the sector has turned, off an important bottom or top..an excellent time to play in those sectors and those stocks...
Have a great weekend and let's get ready to rumble manyana!!!!! |
