Monday Sector Strength
Disclaimer: All charts and comments are intended for education and discussion purposes only. No investment recommendations are being offered. Please do your own research and take responsibility for all investment decisions that you make. Questions and comments related to this post are encouraged. | MON - Sector Strength | TUE - Interest Rates | WED - Market Breadth | THU - Commodities & Currencies | FRI - Market Sentiment | SAT - Bullish Percents | About | contact: HeadlineCharts@gmail.com |
Below is a chart I found in Financial Sense. I can't vouch for the accuracy of the chart but it corresponds with my experience. If accurate it shows the next six months to be an opportunity for precious metals.
The HUI gold index is at a critical resistance point. The index could take a break this week and consolidate a bit, but it looks poised for a break out. Of course, no guarantees because the US Dollar also looks like it could bounce a bit which would work against gold and silver stocks.
Below is John Murphy's perf chart. Gold and Silver stocks have been the big winners since the July-4 holiday week. This is now a market where investors need to be in the right sectors to make money. Not shown below, but the consumer stocks and small caps have joined the financials as the weak areas of the market.
