Looking at the BKX index - Approaching -May 8th highs - a full recovery from the equity sell-off.
May critical resistance level, given BKX weakness has been an indication for the broader market.
It works key barometer of the market given the dominance of financials in the S&P 500.
Technology :focused on three shorts that offer beta: AMD, NVDA and WFR.- A near-term trade.
Decline in commodities markets has fueled a return back to bonds sparking this near-term rally. A defensive rotation that compiled staples and healthcare to move higher. Nickel for some reason has survived the storm.
Wednesday, September 27, 2006
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment