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Biotech Benefits From Healthcare Rise (XBI)
If you listen or read any media source today you hear about the new healthcare bill proposed to help all Americans get quality care. Interesting how their could be so many contradictions in one sentence. Regardless, the proposed bill (which no one understands or has read for that matter) is providing an upside stimulus to [...]
Are Brokers Oversold (IAI)
The frustration of the financial sector revolves around the big banks. The perception issue is a bigger problem for some than their balance sheets. The media and Washington have done a great job of selling the public on the banks being the bad guys in the housing collapse. We all know [...]
S&P 400 Midcap Index (IJH) = Chart of the Day
The small and midcap sectors have lagged the other indexes since the October high. They are both making moves back towards those highs and are in position to move higher. The midcap index has joined the others at the threshold of breaking higher. The primary question at this point is what will be the catalyst [...]
Gold (GLD) Testing Support
Closed at $110.84 dropping 7% over the last five trading days. Looking at the chart below the uptrend is still intact and the emotions towards the metal are still high. The test of support near the $109.50 mark is holding and the question of the day is, will it hold and gold rise again to [...]
Agribusiness Stocks (MOO) Moving Higher?
Commodities have benefitted from the recent sector rotation, and the agriculture business has been one of the benefactors. Below is a chart of MOO, Market Vectors Agricultures Business ETF. We are currently tracking this our website and gave a continued bullish reading on September 16th. As you can see the sector continues to move higher [...]
Small Caps May Be the Key
The uptrend in the broad market has captured everyone’s attention. The trend remains in place, but the outlook is getting cloudy. Economic data has been mixed, earnings are mixed and future growth is being questioned. The move higher is predicated on growth. If this growth doesn’t materialize early in 2010 it could get ugly for [...]
