Sunday, May 1, 2011

ANATOMY of a Sick Market

We went through all of our Exhaustion readings and were looking for previous and new leaders and bombs.

LEADER with pos. Momentum ('wind in their back')
  • Silver
  • Gold
  • Euro
  • OIL
  • Aussie Dollar
  • Cat

BOMBS (weak + 'wind in their face')
  • MORGAN STANLEY
  • GOOG
  • Target
  • BoA
  • Wells Fargo
  • Rimm

So we have the tech wonders and the banks in the doldrums and the shiny stuff flying, this is NOT healthy market action !!

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