I've been considering concentrating my trading to stocks in indexes that have been doing well, but may have pulled back some.My thought is that it may be more profitable than stocks in indexes that are not in an uptrend. Right now, the indexes in an uptrend are oils and gold. Biotech and semiconductor indexes are going sideways and may have bottomed, but they could stay there for months. Of course, it's possible that a few stocks may have big gains, but the majority probably will have minor temporary gains or stay in a downtrend until their corresponding indexes upturn. Any comments ?
Posted by treemoney on :
sounds like a good idea. gold stocks and oil stocks are doing very well. Natural gas stocks are doing extremly well. Look at ngs for example. It may continue because of the anticipated higher rates this coming winter for heating.
Posted by Who? on :
Ran the same scan for stocks in an uptrend in four different sectors, Energy, Gold/Silver, Technology, and Healthcare. The Energy and Gold/Silver sectors have been doing much better than Technology and Healthcare lately. The idea is to see if the stocks in the two "better" sectors do better than those in the other two sectors, over a period of about a week or so.