Sunday, August 2, 2009

Sector Indexes

Everything sector is very bullish now:
USA Monthly Weekly Daily
S&P500 Up (+) Up Up
DJI Up (+) Up Up
NasdaqComp Up Up Up
DJ Transport Up (+) Up Up
DJ Utility Down (-) Up Up
Russell 2000 Up (+) Up Up
AMEX Airline Up (+) Up Up
AMEX Biotech Up Up Up
AMEX Gold Bugs Up Up Up
AMEX Natural Gas Up (+) Up Up
AMEX Oil Down Up (+) Up
AMEX Security Broker Up Up Up
AMEX Telco Up Up Up
KBW Bank Down Up Up
KBW Insurance Up (+) Up Up
PHLX Housing Up (+) Up Up
PHLX Semiconductor Up Up Up
S&P Retail Up Up Up

Based on daily charts, it is overbought, so I expect some pullback and then go up higher since the weekly chart shows that there is some more to go.

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