Posted by ameritrader on 1st of Jul 2009 at 09:18 am
WATCH
UPS, GE, 3M(MMM) for possible "SHORT" trades.
I notice the ETF XLI (Industrial) price was a -1.04% for
Tuesday, but it's Bullish Percent (stocks within the ETF, having a
P&F buy signal) jump up Tuesday a +1.72%., hmmmmmmm!
So I checked it's top TEN stocks,
The only stocks within XLI looking STRONG are:
UPS, GE, 3M(mmm)
Top 10 Stocks within XLI looking WEAK:
UTX, BA, LMT, UNP, EMR, HON, BNI
I have to ask myself why only these 3 stocks. I believe its
mutual funds mangers buying for the end of quarter. If correct,
then we should see these 3 stocks (UPS, GE, 3M) drop today.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Watch UPS, GE, 3M for possible SHORTs
Posted by ameritrader on 1st of Jul 2009 at 09:18 am
WATCH
UPS, GE, 3M(MMM) for possible "SHORT" trades.
I notice the ETF XLI (Industrial) price was a -1.04% for Tuesday, but it's Bullish Percent (stocks within the ETF, having a P&F buy signal) jump up Tuesday a +1.72%., hmmmmmmm!
So I checked it's top TEN stocks,
The only stocks within XLI looking STRONG are:
UPS, GE, 3M(mmm)
Top 10 Stocks within XLI looking WEAK:
UTX, BA, LMT, UNP, EMR, HON, BNI
I have to ask myself why only these 3 stocks. I believe its mutual funds mangers buying for the end of quarter. If correct, then we should see these 3 stocks (UPS, GE, 3M) drop today.