Wednesday, April 4, 2012

Wednesday Evening Thread

Heavy selling everywhere today. Only 3 "sectors" finished green: bonds (TLT), rails, and PCLN, which didn't even manage to touch the 10 day moving average before forming a lovely hammer. (For weeks now I have been including PCLN and AAPL as their own personal sectors. They clearly are retail and AAPL is also tech. PCLN 200 day moving average is 531... you can at least see the 50 day on this chart) Cigarettes, utilities, including telecom, and other defensive sectors also performed better than average today.

Worst sectors from my lists were precious metals and miners, (including GDX, GDXJ, SIL, XME, DJUSST and OIH) - the usual suspects when the dollar and volatility are up.