Resources on the whole as viewed by the XLB Standard and Poor's exchange traded fund are down more than 5% over the past 52 week period.
Austin, TX. (PRWEB) February 10, 2012
In the “Profit Resources” column by Guy Cohen today in the Absolute Wealth newsletter, Guy explains that sometimes stock selection has little to do with the financials of an individual company, but more about the money flow of funds. Mutual Funds and institutional investors will shift allocation as they see sectors get hot or not, explains Guy Cohen in today’s Absolute Wealth newsletter.
One such group lagging behind for the last year has been the Materials sector, reveals Guy Cohen today in the Absolute Wealth newsletter. Resources on the whole as viewed by the XLB Standard and Poor's exchange traded fund are down more than 5% over the past 52 week period, writes Guy in today’s Absolute Wealth newsletter column the “Profit Resources.”
Compare that with the Dow Index up almost 6%, Guy remarks in today’s Absolute Wealth newsletter, and catch up is likely on continuation of this Bull run. A recovery in finite resource stocks looks promising with new six-month highs in the previously mentioned XLB materials index, predicts the “Profit Resources” column by Guy Cohen in today’s Absolute Wealth newsletter.
The three stocks that have similar setups are Arch Coal, Alcoa, and Chesapeake, which are all inexpensive right now with resistance breakout potential, reveals Guy in today’s column in the Absolute Wealth newsletter. It is also important to note that share prices are only a couple of dollars above yearly lows, Guy remarks in the Absolute Wealth Newsletter today.
An accompanied positive OVI tells the internal strength story from the positioning of those most in the know, Guy says today in the Absolute Wealth newsletter “Profit Resources” column. The price action penetration combined with this proprietary Quiet Money measure puts the odds for success in our favor, Guy reveals in his column “Profit Resources” from the Absolute Wealth newsletter today.
The OVI Indicator is a little-known indicator called the OVI, which measures options transaction data, and plots it as a simple line that bobs up and down between 1 and -1, explain Guy in the Absolute Wealth newsletter. When the line is positive, people should be more inclined to focus on bullish chart patterns, and when it's negative people should focus on the more bearish chart patterns, Guy reveals in today’s Absolute Wealth newsletter. The OVI should only be used in combination with a chart pattern such as a consolidation or flag, advises Guy in today’s Absolute Wealth newsletter, not to be used in isolation.
Guy remarks in today’s Absolute Wealth newsletter that time will tell, and to remember, Plan the Trade and Trade the Plan! Subscribe to the Absolute Wealth newsletter to receive important research and information that can be used to make informed financial choices.