Sunday, August 19, 2007

Sector watch

Gold shows some strength (GLD)

Nasdaq Biotech (IBB) strong ( not counting (AMGN) "surprise")

Russell 2000 devastated last month looks about to rebounce

Clean Energy (PBW) seems to be at the low risk "buy" point

HomeBuilders (XHB) after first pop amplified by some short squeeze (Got that one right on August 3rd post) seems to be trying to stabilize - will be watching it, everyone is so bearish, long term bearish, that it is about time for surprise.

Most of other sectors look like they might go up some, but only to create short setups.
Market will tell.