"waiting for the buck reversal" Well, vis a vis the Euro the Dollar is doing well, however Dollar/Yen is going the other way for the time being.
As for sector play, Roger is correct. Energy, in about three months time, will probably look like the best sector to rotate into now. Also, metals and mining (need to be a bit more selective here) will look good again in about three months time, though there are some stocks that haven't bottomed yet.
CrossProfit Disclosure: Clients/associates going long both sectors and increasing new positions. Pure 'crack spread' plays, Solar and ADM excluded. Stocks 'in focus' appear on site's homepage (including IBM).
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phdinsuntann,
Sep 12 11:17 am
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All Comments by CrossProfit_ »Recognizing an Abnormal Market [View article]
"waiting for the buck reversal"
Well, vis a vis the Euro the Dollar is doing well, however Dollar/Yen is going the other way for the time being.
As for sector play, Roger is correct. Energy, in about three months time, will probably look like the best sector to rotate into now. Also, metals and mining (need to be a bit more selective here) will look good again in about three months time, though there are some stocks that haven't bottomed yet.
CrossProfit
Disclosure: Clients/associates going long both sectors and increasing new positions. Pure 'crack spread' plays, Solar and ADM excluded. Stocks 'in focus' appear on site's homepage (including IBM).