Style Outperformer:
- Mid-Cap Value (+.47%)
- 1) Networking +1.16% 2) Banks +1.04% 3) Coal +.76%
- AIG, IVN, BCS, BAC, PFG, CYMI, SWC, PUK, MIPS, VRNT, PZE, LUK, FO, MXWL, LULU, ASML, DMND, TEVA, NTLS, NXPI, CIEN, HELE, HITK, ENOC, GIII, CTCT, HOLI, LCAPA, GHDX, ASYS, AVGO, CHBT, FMCN, ARB, SFD and OLP
- 1) EK 2) CML 3) LULU 4) BBT 5) CIEN
- 1) HD 2) FO 3) BDC 4) EQR 5) COST
1 comment:
Today's Rally In The European Financial Institutions And US Banks Lacks Support From The Euro And Other Currencies.
The chart of the Euro, FXE, the Brazilian Real, BZF, the Mexico Peso, FXM, the Swedish Krona, FSX, the British Pound Sterling, FXB, and the emerging market currencies, CEW, together with the European Financial Institutions, EUFN, the US Banks, KBE, the Emerging Market Financials, EMFN, and the Russell 2000, IWM …. FXE, BZF, FXM, FXB, FXS, CEW, EUFN, EMFN, KBE, IWM … shows that the rally in the financial shares lacks support from the Euro and other currencies.
This is the type of rally one can sell short as in a bull market one buys on dips, but in a bear market one sells into strength.
Munich Germany based Siemens AG, SI, the world’s largest supplier of products, systems, solutions and services for industrial automation and building technology, fell lower today, having manifested a dark cloud covering candlestick on December 7, 2010. For those into shorting stocks, this represents an excellent short selling opportunity.
Barchart.com’s recent report relates: ”Siemens on Friday rallied by 0.82% to post a 2-3/4 year high. In recent news on the stock, Barron’s on Nov 28 ran a favorable article on Siemens noting its successful 12-year restructuring program and saying that the stock could rise to $140 as the global economy improves.”
I gave up trading long ago, as I perceived that a sovereign debt crisis would emerge; and concluded that an investment demand for gold would aris; and bought bullion gold. Well today, the specter of that crisis has arrived.
I encourage all to cease from trading and buy gold and silver bullion.
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