Two Market in the Stretch Extremes - Against the Trend
Financials - Bullish Stretch (Oversold)
This recent sell off was possibly due to the fact that the increase in interest rates were not announced by the FEDs.
Gold Miner - Bearish Stretch (Overbought)
This is a great example of violating co-relation with Dollar, we still had some co-relation to the Market.
Like I said previously in a post - As Long as Oil is getting destroyed (destroying many dreams), The market will have huge swings, Safe havens cannot be Cyclicals and not at all in the Sensitive. Utilities will be the safest best for now.
The Strongest Utilities - PCG and CMS. Wait for pullbacks.
This is interesting. Individual names from the sectors. I am not expecting XLF to make new high. I am expecting it to visit the High Interest zone.
XLF - AIG, AXP, BK, DFS, GS, JPM, MS, MET
GDX - NEM, KGC same with GDX - no new lows expected (if it happens its a bonus)
This recent sell off was possibly due to the fact that the increase in interest rates were not announced by the FEDs.
Gold Miner - Bearish Stretch (Overbought)
This is a great example of violating co-relation with Dollar, we still had some co-relation to the Market.
Like I said previously in a post - As Long as Oil is getting destroyed (destroying many dreams), The market will have huge swings, Safe havens cannot be Cyclicals and not at all in the Sensitive. Utilities will be the safest best for now.
The Strongest Utilities - PCG and CMS. Wait for pullbacks.
This is interesting. Individual names from the sectors. I am not expecting XLF to make new high. I am expecting it to visit the High Interest zone.
XLF - AIG, AXP, BK, DFS, GS, JPM, MS, MET
GDX - NEM, KGC same with GDX - no new lows expected (if it happens its a bonus)
Uday C Santhakumar
