Wednesday, June 17, 2009

Healthcare, XRT, XLY, Education Sectors are getting some love!

Note the XLY, XRT, Healthcare and Education charts today, they reversed on good volume... This is surely an indicator of positive flow of money into these sectors, which came out of Energy & commodities. It will be worth waiting for some clear signs, i.e., continued buying in these sectors that confirms this change before jumping into these names. After all, I am still expecting a washout panic move sometime soon. Seems like we bounce somewhat before going down hard though. Watch and play cautiously!


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