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A few things to watch this week.
Even though the dollar has had a bounce, US bonds are still under performing global ones.
India looks poised to make a run with this second Bollinger violation.
The defense sector is making a break. Guess we’re gonna need a war to end the recession.
My TRAN indicator has gone bullish, so this up move looks like the real thing.
The utilities sector has been basing for over 2 months. If energy costs remain low, this sector will have fundamentally sound legs to invest in. Sadly, without momentum, this is a dividend play.

The action in the bond market doesn’t bode well for the dollar. Foreign securities still hold an edge, but there are domestic sectors worth looking into.

Written by chucklesamadeus

December 20, 2008 at 7:19 pm


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