| Hi folks,
Whenever the markets reach fever-pitch and the media are screaming about
old market news, the contrarian traders start heading for the exits and
rotate their funds into other market sectors.
Sometimes, this becomes very obvious, when we see the DOW fall and the
Nasdaq rise on the same night or vice versa ... at other times, it is just
a gradual and orderly move from one market sector to another.
Right now, we may be seeing some evidence of that in the oil sector ... at
leat, in the short term.
Whilst the junior oilers will always present us with some good
opportunities, as eachit seems that there may be a subtle shift in market
attitude towards the upper end of the oil sector ... ..... institutions
taking profits, perhaps ...???
Given the run we have had in the oil sector over the past 2 years, it is
probably not surprising to see some money come off the table.
One question that arises now, what other sector will benefit from this
short-term rotation of market sectors ... if indeed, that secenario
eventuates ...???
Early in 2004, some thoughts about different sectors to benefit were
presented, as well as some specific analysis on stocks, like buying FGL,
in early Feb 04 and more ..... :)
Our FGL analysis proved to be spot on, regarding a trade entry and it has
steadily gained a dollar in value, since February, this year ..... exit
target posted in that analysis for FGL, has yet to be achieved.
Given that we still have 3 months to the anniversary of that FGL entry,
there's still plenty of time to reach the exit target.
With the long-term complementary influences of Uranus and Neptune in play,
until the March equinox in 2011, we can expect an overall healthy
environment for all oil stocks, breweries and others related to liquid
products ..... in fact, with all the hype about an oversupply of wine, a
longer term opportunity may present itself in the wine sector soon ....
buying unloved wine producers, at basement prices.
Once Uranus establishes itself in Aries, we will undoubtedly see some
major technological advances coming our way, with the energy sector being
on top of the list, leaving our reliance on hydrocarbons behind ..... but,
we will have to wait for 2011 for that to become obvious.
..... more later.
happy trading all
yogi
http://easy-trading-tools.00cd.com |