Seeking Alpha

Sector ETF strength: Semis– IGW +2.5%. Transports– IYT +2.4%. Homebuilders–...

Sector ETF strength: Semis– IGW +2.5%. Transports– IYT +2.4%. Homebuilders– XHB +2.2%. Nasdaq– QQQQ +2%. Industrials– XLI +2%.
Sector ETF weakness: Agriculture– DBA -2.3%. Heating Oil– UHN -1.6%. Gasoline– UGA -0.6%. Commodities– DBC -0.5%.
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Comments (1)
  • RTF 360
    , contributor
    Comments (94) | Send Message
     
    Had you been the greatest bear trader in America and gotten short perfect at 9,630 last week and went home short DESPITE the higher high on the week and the higher weekly close, all you have in the trade is 200 points and the inability to go through the slow moving average or take out 9,100.

     

    As we have been saying since St. Patrick's Day; "All the surprises are on the upside"
    While everyone else is getting a tan and drinking beer because "the market is like watching paint dry" , I'm glued to the screen. This is exciting for a technical trader.
    4 Sep 2009, 01:46 PM Reply Like
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