Bearish Haramis Signal Last Weeks Rally Is Over
Monday, 21. July 2008, 18:10:59
In late morning stock market trading, bearish haramis are manifesting in these leading edge sectors suggesting that the bear market downturn is going to resume:
Stock Brokers, IAI,
Investment Bankers, KCE,
Retail, XRT,
Semiconductors, XSD,
Consumer Discretionary, XLY
The manicity of the Russell 2000, IWM, confirms to some degree. The RUT is up today on an number of components being up:
1) agricultural irrigation equipment manufacturer Valmont Industries, VMI,
2) Cabot Oil and Gas, COG,
3) AZZ Inc, AZZ, and US Steel, X,
4) Solar companies,
5) Biotechnology companies.
All this while biotech, XBI, explodes higher on buyout of Genetech, DNA.
Recently bullish biotech companies exploded even higher, as is seen in this ongoing Google Finance comparative chart of SVNT, ONXX, ALXN, OSIP and MYGN.
Rajiv Vyas relates This is the monthly SPX chart I looked at a few weeks ago. Overall, quite negative, yes and by the look of today's haramis, its going to get a whole lot more negative.
The five day ongoing Yahoo Finance chart the gold ETF, GLD, compared to the oil ETF, USO, shows gold to be up 0.9%, compared to oil being up 2.3%, as traders concerns grow over the Western World Government ultimatum that Iran reveal the details of its nuclear ambitions. GLD is trading at 95.09 and USO at 106.79.
The threat of international conflict, as well as oil's rise, is giving a terrific rise to coal, KOL, as well as the metal manufacturing stocks, XME, and its subset steel stocks, SLX; as seen here in the ongoing five day ongoing Yahoo Finance chart of the coal ETF, KOL, compared to the metal mining and manufacturing ETF, XME.
And ditto, the fertilizer and seed components of the agricultural ETF MOO.
The soon coming military strike to eliminate the global security threat poised by Iran's nuclear ambitions is the mother of all systemic risk events: the investment application is to be fully invested, that is 100% invested in gold with diversification of location: BullionVault.com; GoldMoney.com, and in a gold ETF, in a trust account, not a brokerage account, in Switzerland.
Stock Brokers, IAI,
Investment Bankers, KCE,
Retail, XRT,
Semiconductors, XSD,
Consumer Discretionary, XLY
The manicity of the Russell 2000, IWM, confirms to some degree. The RUT is up today on an number of components being up:
1) agricultural irrigation equipment manufacturer Valmont Industries, VMI,
2) Cabot Oil and Gas, COG,
3) AZZ Inc, AZZ, and US Steel, X,
4) Solar companies,
5) Biotechnology companies.
All this while biotech, XBI, explodes higher on buyout of Genetech, DNA.
Recently bullish biotech companies exploded even higher, as is seen in this ongoing Google Finance comparative chart of SVNT, ONXX, ALXN, OSIP and MYGN.
Rajiv Vyas relates This is the monthly SPX chart I looked at a few weeks ago. Overall, quite negative, yes and by the look of today's haramis, its going to get a whole lot more negative.
The five day ongoing Yahoo Finance chart the gold ETF, GLD, compared to the oil ETF, USO, shows gold to be up 0.9%, compared to oil being up 2.3%, as traders concerns grow over the Western World Government ultimatum that Iran reveal the details of its nuclear ambitions. GLD is trading at 95.09 and USO at 106.79.
The threat of international conflict, as well as oil's rise, is giving a terrific rise to coal, KOL, as well as the metal manufacturing stocks, XME, and its subset steel stocks, SLX; as seen here in the ongoing five day ongoing Yahoo Finance chart of the coal ETF, KOL, compared to the metal mining and manufacturing ETF, XME.
And ditto, the fertilizer and seed components of the agricultural ETF MOO.
The soon coming military strike to eliminate the global security threat poised by Iran's nuclear ambitions is the mother of all systemic risk events: the investment application is to be fully invested, that is 100% invested in gold with diversification of location: BullionVault.com; GoldMoney.com, and in a gold ETF, in a trust account, not a brokerage account, in Switzerland.
