I tell you what is bouncing... is tech...
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
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Airlines are (finally) breaking down. Due to oil call to 85?
Biotech and base metals are also strong. Oil, materials back up.
Not sure what the message of the sector rotation is telling us... no classic textbook moves here.
I think they are just trying to buy a dip in commodities... Hoping that the dollar will continue a downward slide.
Not biotech, sorry. Real estate.
Man, yesterday nobody was ever going to buy gas ever again, now it's up.
My look at early cycle sectors:
http://starwealth.blogspot.com/
Not sure if my conclusion is correct.
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