ETF Range Projections & A Quote to Start the Day

A man should look for what is, and not for what he thinks should be.

- Albert Einstein

For more detailed economic data click “Today’s Calendar” in the navigation bar to the left.

Yesterday’s discount rate hike by the FED sent the futures and Asian markets reeling, Europe however, appears a bit calmer: Nikkei 225 -2.05%, Hang Seng -2.59%, Shanghai -closed, DAX -0.24%, and the FTSE 100 -0.21%

At about 7:40 AM ET after all the FED hoopla and Future gyrations overnight things have calmed down quite a bit: Dow -39, S&P -5.9, NAZ -8.8, Oil -$0.90 and Gold -$8.80

have a great day!

Chemicals – Morningstar Sector Analysis

Last evening while reviewing yesterdays action I couldn’t help but notice the composite charts for Morningstars Chemical Sector.

The sector composite charts appear as above.  Two for each sector side by side.  What first caught my eye was the relative strength line over the price in the left hand chart.  A new high.  Also catching my eye scrolling down that same graph is the breakout of the McClellan Volume Oscillator outside of the Bollinger bands.

For newer members; if your doing research in this manner click on the left chart and a page will come up with the industry groups that together make up the Chemical Sector:  Major Diversified, Synthetics, Agriculture, and Specialty Chemicals.

For this exercise looking at just the relative strength line Agricultural Chemicals appear to be leading the sector.

Then by clicking on the Agricultural Chemicals chart we receive the stocks that comprise that industry group:

Easy, isn’t it!