Wednesday, January 2, 2008
Gold and Oil breakout to new highs--broad market sells off
Just for fun I counted the Stockcharts.com P&F broad market chart patterns today:
11 of 17 were bearish. I also noticed that the NYSE Bull Percent--Bear confirmed on 12/18/07
BE VERY CAREFUL OUT THERE. 6 DISTIBUTION DAYS FOR NASDAQ, 5 FOR S&P 500, NYSE COMPOSITE, DOW IN PAST SEVERAL WEEKS
IF NOVEMBER DOW TRANS & INDUSTRIALS VIOLATED WILL SELL THE FEW BROAD MARKET STOCKS I HOLD :AGU MBT AVXL SIRF WFR MOS
I HAVE THE FOLLOWING GOLD STOCKS ON MY WATCH LIST: TGB GBN BBR HVGO MDW JIN EXN GG CUU
In the oil & gas sector I like KWK.
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