Fighting the Tide

While everyone else is watching the major averages, astute traders are looking for what’s going on underneath the surface. If you believe this is a correction within a strong up move then perhaps you should be following the sectors looking for strong relative strength. If you’re correct in your assessment you certainly want to be in the strong areas, not the weak ones.

Here’s a look at the Morningstar Sector assignments, there change from the major average highs on April 2, 2012 and their respective changes year-to-date. While all the sectors are down the arrows point to where some of the major averages would lie in this small spreadsheet.

Members: Go to Morningstar Sector & Industry Group Analysis in the navigation bar to the left and drill down from Sector to Industry Group within, to component stocks. Or go directly to Search for and Compare Stocks within Sectors; Sub-Sectors; & Industry Groups.

ETF Range Projections for 5.17.12

Get inside information from the president and you will probably lose half your money. If you get it from the chairman of the board, you will lose all of your money.

- Jim Rogers

Current World Markets:

• World Markets
• Commodities
• Currencies
• Bonds

trade safe and
have a great day!