Adrian Abshire Stock Insights

Thursday, May 26, 2011

Market Trends

Market is still in a correction

The major indexes have been up a little

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/ES (S&P mini) might be at a rebound point

If the channel above means anything then we might be bouncing soon.

 

Sector Analysis

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The ‘least’ bad is Healthcare.  Surprisingly it looks like Tech is one of the worst performing of the bunch.  The further out one looks the worse it gets – it is down there with Financials…

Not sure which of these paints the most accurate picture – for the long-term the 1 year performance or the year-to-date performance seem to make sense but they give different answers to the question.

 

IBD Industry analysis:

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Medical/Healthcare is at the top of this list also

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Weekly stock bubbles (thank you finviz.com)

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Stocks just out of Bases

Ancestry.com ACOM

 

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