If nothing is being built this move is solely on the lack of dollar valuation. As the wheels on the bus are removed watch Materials retreat.
Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Friday, July 15, 2011
XLB - Materials ETF
If nothing is being built this move is solely on the lack of dollar valuation. As the wheels on the bus are removed watch Materials retreat.
WFC
Wells Fargo has held on as a bank because they are generating govenmental income from distributing EBT cards to the unemployed. Otherwise their chart would look more like the other banks. As Unemplyment and stimulis programs wane so should WFC.
Wednesday, July 13, 2011
Tuesday, July 12, 2011
Monday, July 11, 2011
Friday, July 8, 2011
Thursday, July 7, 2011
Tuesday, July 5, 2011
$SPX
Broke out Friday, but will it have legs? Would not be surprised to see retracement back to red line and eventual breakdown over next month.
Thursday, June 30, 2011
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