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Steve Auger
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Steve Auger has been trading stocks, commodities and options for over 25 years and runs the website http://www.stockmarketstudent.com. After graduating from the University of Waterloo in 1981 with a Bachelor of Applied Science, he has been employed most of his career working on space and... More
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Stock Market Student
  • Sector Analysis September 17, 2012 0 comments
    Sep 17, 2012 11:47 AM | about stocks: IYW, IYZ, IYC, IYE, IYF, IYH, IYJ, IYK, IYM, EFA, IDU

    Last week was again very bullish primarily due to Federal Reserve actions, commonly referred to as Quantity Easing 3 (QE3). Because of the Fed actions, most sector ETFs shot through the roof and I found there was no point in analyzing the two indicators I generally track: Williams%R and On-Balance Volume (OBV) . The only two sectors that do not appear to be extremely bullish are IDU (utilities) and IYT (transportation). [Read more]

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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