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Schippi
SelectSectors
SelectSectors.com (05/18/07 )
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Please note: I am no longer updating this web page on a
daily basis.
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"If you are in the right sector at the right time,
you can make a lot of money very fast..."
( Peter Lynch, Beating the Market )
"If you
are in the market at the wrong time,
you can lose a lot of money very fast..."
( Schippi, SelectSectors.com )
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Please Note: This web page is for information only and the
data and comments presented are not to be taken as
recommendations. Each investor must make and be responsible
for their own investment decisions.
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ProShares.com offers ETFs for shorting or going
long with leverage for some major market Indices. These new
ETFs allow someone in an IRA to hedge their positions
without suffering the limitations of trading mutual funds.
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Cruise Control
Portfolios
SelectSectors
Indices
Weekly
updated SelectSector charts
Major
Equity Indices( Daily )
Major
Equity Indices ( 10 Days )
Here is the first draft of a new ETF web page SelectETFs.com,
please check it out. ( Comments are welcome)
( 05/18/07 ) The current market rally has been strong and many
major market indices are celebrating new highs. The below
CCP charts
capture this move Up. However, the
internal
market strength is poor and issues a warning.
It should also be noted that the current market rally has
just brought the S&P 500 back to where it was 7 years ago. So
much for the "Buy & Hold Crowd".
Below is an internal chart of the Nasdaq100, which captures
the recent insane market gyrations. I do not think this strong
move Up is sustainable. The
Proshares 200% Ultra short ( inverse ) funds ( QID, TWM,
DXD) may be appropriate vehicles for portfolio insurance.
The U. S. Dollar index may be bottoming.
15 day CCP chart
30 day CCP chart
The best, very long term sector trend is Utilities(FSUTX).
The
Cruise Control
portfolios( CCP ) display the top risk adjusted sectors
over short, medium and long-term time frames.
Check Out the
SelectSectors weekly charts as these trends may impact
your portfolio.
It is always helpful to contrast the
various market indices to gauge the current market climate for
investing.
Checkout the PERF chart for
theses indices. Move the bottom right chart slider to expand or
contract the chart range.
Hurst Nasdaq 100 ( Q's) Chart.
Check
out the below Country ETFs. They have been outperforming the
sectors as well as the SP 500. However, some of them are now
Declining. Is this a warning sign for the U. S. Equity market?
Market
bottoms can form with a spike Up, but market tops seldom form
with a spike Down. It's more usual to experience two or three
local tops in succession.
Caution
is appropriate when playing the short side as Declines are much
steeper than advances and even if the market was going to crash,
you will encounter short but strong moves Up.
The CCP
tables and charts display the Top risk adjusted sectors
over both short and long time frames.
( The SSx Indicator is the average of the aggregation of all
41 sectors daily percentage changes.)
( The SShtx Indicator is the average of the aggregation of all
the
High-Tech sectors daily percentage changes.)
Checkout
the Market
Sentiment Charts.
The current market structure is displayed by the following
charts.
High-Tech Index,
SSx-Hurst
and
SSx-ribbon,
Here is a special
Hurst NDX100
chart and
Hurst NDX
Oscillator chart
Energy Chart Page
Gold Chart
Page
With the top sectors identified by the CCP tables and charts you
can drill down(
Stock Ideas Page ) and find the top sector stocks that
are moving Up.
Here is a Perf chart comparing "Long Funds"
( Move the bottom right chart slider to select time frame.)
Here is a Perf chart comparing "Short(Inverse) Funds"
200% ProShares Long or Short( inverse) ETFs represent
another efficient hedging or trading vehicle.
The world markets behavior can provide clues to the direction of
U.S. Equity market. Check out their Perf charts.
( Set bottom right time frame slider to about 30 days.)
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Once the top sectors have been identified, you can drill
down and search for the best underlying stocks. This
strategy is embodied in the
"Stock Ideas Page".
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(MERKX) is a no-load mutual fund that
invests in a basket of hard currencies from
countries with strong monetary policies assembled to
protect against the depreciation of the U.S. dollar
relative to other currencies.
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Latest e-mail reply has
been posted (
03/30/07)
I apologize that I can not answer every e-mail, but
I do appreciate your comments and read every e-mail.
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( 7/14/06) The sector approach presented on
this web page augmented with Market Timing
and Rydex short positions when appropriate
has performed satisfactorily for several
decades.
However the introduction of exchange traded
funds(ETF) that provide Commodity (DBC),
Crude Oil(USO), Euro(FXE), Gold
bullion(GLD), Gold stocks(GDX), Silver(SLV)
.... positions, and additionally ETF that
allow
short or Long positions within IRA's
have dramatically altered investment
strategies.
For these reasons I am going to change the
focus of this web page from sectors to ETFs
and stocks. I have no idea how this
development will unfold other then I have
changed my mindset.
................. Good Trading
..................... Schippi
After some thought, I decided adding ETFs
etc to this web page might be confusing, so
I have elected to present ETF, ECN, HLDR,
etc. information on another web page. Please
check it out.
http://www.SelectETFs.com
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Rydex Investments launched the first currency
ETF, Euro Currency Trust
(
FXE Euro Currency Tr NYSE
) , on the New York Stock Exchange in
December. The ETF is geared to rise when the
euro strengthens against the dollar and to
decline when the euro weakens.
Shares of the trust represent 100 euros, held in
London, plus accrued interest. Since ETFs trade
like stocks on exchanges, investors can short
the euro fund or buy it on margin.
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Why Market Timing?
For weeks prior to the below events
SelectSectors.com posted daily that a
Double Red Alert
was in progress.
LA Times ( 9/22/01)
About 1.4 Trillion Dollars in investor wealth
evaporated during the week, raising fears that
consumer spending will drop and add more
pressure to the economy.
9/17/01 ( From MarketWatch.com)
On record volume, the Dow fell 7.1 percent
registering its worst-ever point loss, while
Nasdaq fell 6.8 percent. But trading went
smoothly even as $600 billion in market cap was
wiped away.
Additionally, during this period the top
SelectSectors.com pick was Select Gold ( FSAGX )
which out performed all other Market sectors
during this time frame.
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This page is primarily concerned with
performance
and ranking of the forty one
Fidelity Select Sectors.
Market Indicators and commentary that
attempt to
establish the general investing climate are
also included.
This page has no relationship with Fidelity
Investments and has no sponsors. I provide it
with the hope that the information and charts
will assist my friends and visitors in making
their own investment decisions.
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Good Luck With Your Investments
Schippi
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