Sunday, February 6, 2011

Exhaustion Watch


Conclusions:
  • Energy & Materials look bearish
  • Banks & Russel 2000 look prone for a turn
  • China Bears & Gold has already gained bullish ground with their Weekly bull. Pivots
  • Tech has already lost bullish ground with their Weekly bear Pivots (bull pivot in the Tech Bear ETF)
  • 20yr TSY & Corp. Bonds look bullish

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