Charts Of Interest
EFUT had an expansion in range and volume today.
FXI has been one of the strongest markets over the past two weeks.
Bonds forecast a sideways market for the S&P with a down move expected to kick in after the first week of July lasting into August.
I am short the reits but as you can see this group is sitting on a very important moving average with the stochastics in the buy zone.. Usually I would buy this kind of set up but when you look at the reits relative strength vs the market, this is one of the weakest groups. It will be interesting to see what happens here.
The relative strength line for the homebuilders ( HGX vs S&P) is making new multi year lows.
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![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
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4 comments:
Kevin, You have one the best blog on internet. I am new investor.
What book would you recommend to trade currencies ?
Thank you.
Mike
Thanks Mike,
It's been awhile since I read new books on trading...I really don't know what new books are available..If I hear anything, I'll let you know...
Kevin,
How do you trade REITS, Utility and airline ?
IYR is one way to trade the reits..You can trade the individaul stocks as well....
For utilities you can trade the holders as well as the indivdual stocks...
Airlines I like to trade LCC, CAL AMR sometimes JBLU
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