Sector Trend Review

The Markets are still have lower highs in place at this point.

We are in an area that there is strong support underneath and could see a small bounce.

Overall best to be mostly in cash until proven otherwise.

 

New positive trends:

Biofuels (FUE) – Currently still trading in a channel. Would wait for a breakout then a pull back to confirm the trend.

Titanium (TIE) – Been very choppy. Would wait for a pull back to confirm if it can make higher lows.

 

New negative trends:

Global Markets (IOO) – Second time recently it dipped into negative territory.

Home Builders (XHB) – Second time recently it dipped into negative territory.

Brazil, Russia, India, China (EEB) – Dipped back down again, showing continued weakness.

Taiwan (EWT) – Making lower lows.

Australia (EWA) – Recently again reversed the trend.

 

*Based on 7-day simple moving average line crossing the 100-day simple moving average line.

 

Victor Santana

Stock-Hunters.com

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