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Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.
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Sector Analysis October 28, 2012
by Steve Auger
The upcoming presidential election is still injecting a good deal of uncertainty into the markets. There is one clear signal - and that is to short consumer services.
The following is this week's ETF sector analysis of the DJ symbols IYZ, IYW, IYT, IYM, IYK, IYJ, IYH, IYF, IYE, IYC and IDU.
ETF Symbol: IYW
(click to enlarge)
DJ US Technology has had a good run down and it is time to take profits. Close the short position and wait for a new signal.
[more]
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Sector Analysis October 21, 2012
Most of the sectors are in a holding pattern, possibly due to the upcoming presidential election. The big exception is the technology sector which is definitely in a bear market.
The following is this week's ETF sector analysis of the DJ symbols IYZ, IYW, IYT, IYM, IYK, IYJ, IYH, IYF, IYE, IYC and IDU.
ETF Symbol: IYZ
(click to enlarge)
The chart for DJ US Telecom is still uncertain. As with other sectors, there was a big fall on Friday, bringing the price back to a trend line. The price may bounce from here but longer term the picture is clouded. Stay on the sidelines for now.
ETF Symbol: IYW
(click to enlarge)
DJ US Technology remains bearish. Stay short with a target of $68.25. NOTE: Facebook (FB) earnings will be released this week. In the unlikely situation that Facebook announces unexpectedly strong earnings then exit the IYW short trade as Facebook may pull the technology sector out of its slump. Otherwise, ride the bear.
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Sector Analysis October 15, 2012
The various sectors are starting to show either a bearish trend or uncertainty with regards to future direction. I would not be surprised at all to see a fairly significant correction towards the end of October. Watch out for increased volatility in the next week or two.
The following is this week's ETF sector analysis of the DJ symbols IYZ, IYW, IYT, IYM, IYK, IYJ, IYH, IYF, IYE, IYC and IDU.
ETF Symbol: IYZ
(click to enlarge)
DJ US Telecom was stopped out at $25.40 last week. Stay on the sidelines until a new signal presents itself.
[more]