Industry Commentary
with Steve Belknap
Fiber Optics on Fire
The Technology Groups were strong on Friday and the Networking Groups were amazing. On January 2nd I wrote "On the long side today the Network Fiber Optic group got a major blast of buying with volume. This once mighty group is still way down and could provide plenty of upside if they can gain and sustain momentum." We posted the Group reversing long that day and every day since the initial post. Check out the charts in the Group and you will note that many of the stocks are up as much as 30 to 40 percent. This is the best most recent example of the power of Industry Group rotation. The Electronic Manufactures are an equally good example.
Our post for today on the long side is all Groups that we have been posting because they keep going up.
On the short side Gold and Steel got hammered this week while the Technology stocks soared. Look at the contrast in how the market treated these Groups compared to our long list and if the difference is not obvious trading stocks is probably not your cup of tea.
Monday is a closed market day for the Martin Luther Day Holiday. Enjoy the break and we will see you on Tuesday.
Steve Belknap
sbelknap@nirvsys.com
Gruss,
Parocorp
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*klick* Alle relevanten Wirtschaftstermine als Desktop-Hintergrund *klick*