Market Sectors of Interest

Below is a list of market sector indexes of interest with a link to their chart and components:

XOI Chart Components Amex Oil Index
OSX Chart Components Philadelphia Oil Services Index
XNG Chart Components Amex Natural Gas Index
STQ Chart Components SIG Steel Producer Index
XAU Chart Components Philadelphia Gold and Silver Index
HUI Chart Components Amex Gold BUGS Index

Yahoo!Finance: Coupons are Hot Again

A sign of tough times in America: Yahoo!Finance headlines an article on coupon clipping. At least the shopper on the picture hasn't lost her smile, yet.

Stock Market Snapshot as of Jun 08, 2008

Of the 3 markets that I trade, the S&P 500 is the first one to get a new trendline as it makes a lower low. The 200-ema has been acting somewhat as resistance. This chart looks very bearish to me.


The Nasdaq 100 just broke its trendline. But this chart is still fairly bullish, with the 50-ema just above the 200-ema.


The trendline is still intact for the Russell 2000. But for how long?


We could be at the start of a new correction in the markets after the decent rally that we have experienced since mid-March. As always, time will tell.