Sunday, April 20, 2008

SMH and SOX

We have to wait and see where the sector rotations will lead us. I for one am looking for more shorts than longs here if for no other reason than we are getting overbought. These two charts look interesting though. I am going to be watching the oils and fertilizers very, very closely this week for possible short entry. I may not get the chance, so I will be patient.
















0 comments:

About Me

My photo
I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.