The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at
I am always open to questions, comments, or suggestions on how to improve this blog.

Friday, November 20, 2009

sector leaders

Of note this past week we had two sectors that stood out making new 52-week highs.
XLP (Consumer Staples ETF) has recovered 38% of it's March lows and closed 11% away from it's Sept. '08 highs.Also there's XLV (Health Care Sector ETF) trying to recover previous support levels.Within XLV there's BMY that broke out of a long-term sideways range and may have some follow-through going forward.

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