- The basic materials sector has badly lagged the broader market YTD, and Miller Tabak's Jonathan Krinsky surmises investor rotation into the group is likely if the overall market rally is set to continue.
- Krinsky's charts tell him the sector has been making higher lows since the 2009 bottom, but unlike the broad market and many other sectors, it has yet to clear its 2007-08 highs, giving the look of an ascending triangle - and the presumption of an upside resolution.
- ETFs: XLB, XME, JUNR, PICK, MSXX, FMAT.
Krinsky: Time for a turnaround in basic materials
Nov 15 2013, 12:52 ET