Saturday, September 27, 2008

Sector Indexes (20080926)

I'm still bearish on the shipping sector. Increasing my bearish exposure on the consumer/retail. I'm looking at the banking sector to go bearish. I don't think the banks can go any further based on the index behavior.
USA Longterm Midterm Shorterm
S&P500 Down Down Down
DJI Down Down Down
NasdaqComp Down Down Down
Natural Gas Down Down Down
Oil Down Down Neutral (+)
SecurityBroker Down Down Down
Bank Down Neutral Up
Insurance Down Down (-) Down (-)
Housing Down Neutral Up
Shipping Down Down Down
Steel Down Down Down
Retail Down Neutral (-) Down (-)
Biotech Up Neutral Down
Airline Down Neutral Neutral (-)

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