The Good, the Bad and the Unchanged!

Posted by Chris Kimble on 10/21/2011 at 10:47 am; This entry is filed under Basic Materials, Retail, S&P 500.

 

CLICK ON CHART TO ENLARGE

Retail is looking "Good"...  Basic Materials has been looking "Bad"..... 500 index has been "Unchanged" for a few months. 

A chain is only as strong as its "weakest length!" ......

 If the "Bad/Weakest" (which is Basic Materials) can accomplish a breakout, many areas will look good!

Keep an eye on the BAD/IYM...a breakout is needed to trust the broad markets!

Be Sociable, Share!

3 Comments

  1. t reilly October 21st, 2011 at 1:09 pm

    Just change the “US” in the headlines to “EU”

    http://www.washingtonpost.com/wp-dyn/content/graphic/2008/09/20/GR2008092000318.html

  2. stemphos October 21st, 2011 at 1:16 pm

    HI Chris,

    Would you consider a move in IYM above its 50 dMA (64.15)a breakout?
    Of course, it would have to hold above that number

    Thanks,
    Aaron

  3. Chris Kimble October 21st, 2011 at 1:19 pm

    thats a couple of percent above current prices…yes