Overbought Sectors

Here is a list of sectors with the highest stochastic readings. I use this information for three setups:1. To find sectors with good chart patterns and await a pullback for entry2. Find sectors with bad chart patterns that are bouncing to resistance and ready to short.3. Find topping patterns in overheated sectors.

Homebuilders are Hard to Ignore

It's tough to ignore the strong move in residential construction, aka, homebuilders. While my head tells me to stay away, the charts tell me otherwise. For months I have been using bounces in the sector to reload shorts, but not this time. There is something different about this bounce. Take a look at the chart... Continue Reading →

Create a free website or blog at WordPress.com.

Up ↑