Four sector focus for the week
- Posted by admin
- on May 1st, 2011
Most of our favorite set-ups for the week belong to the following four sectors: Oil and Gas, Semis, Machinery, and Software
Here’s a sampling and also a few hints on how we look for sector moves:
Oil and Gas:
$OXY has been our favorite in the sector for a while. We caught a nice break-out at 106 for our subscribers on Friday for an 8 point rip. OXY is best of breed in the sector and one of our favorite trading stocks. Disclosure: long.
Software: ORCL caught our eye this week. Stock is too slow for our type of trading but very impressive move for the big daddy of the software sector:
So you think to yourself, wow, $ORCL is a leader of software stocks, what else is setting up?
The last sector is machinery. We had patiently waited for $CAT to set-up for a while but it gapped over our buy spot. We focused on the sector and found the following which still have not broken out:
Getting primed but not liquid– not our cup of tea but we know some of you love these thin ones:
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus
- Goodbye sweet trend
- Update III: Now what?
- Will it be any different this time, part II
- Will it be any different this time?
- The perfect chart and goal
- Government shutdown/Debt crisis in perspective — see yellow box
- John Cleese telling it how it really is
- Bit of monthly perspective on the Russell
- Keep swimming but with an eye on the shore
- Make peace with not catching every move