Four sector focus for the week
- Posted by hcpg
- 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:
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