Weak sector stocks continue to be weaker.  As Scottnlena and tllucero pointed out we control our plays.

In fact 4 of the 6 Hot sector stocks were UP today. All 8 weak sector stocks were down.

The play I made was Put options on NEM. I have the March 35P - and my timeframe is January 31st.  If the stock does not move in my direction by then I will close and move on.  I am looking for 100%  return.  I entered with  the market on my side, the McClellan Osc. turning down (26d SMA), sentiment with me, the stock trading below 40,80, 120wk SMA, and the stock turning down.

If the stock moves against me within the next week (2d EMA crosses up over the 8dD EMA) I'll move on.

If you've read my posts before you will know my stop loss is my nemisis.

enjoy your day,

steve

Another follow-up;

Today at about 3:20pm I just totaled the weak sector and the hot sector stocks:

Weak sector down and average of -2.2825%
Hot sectors down an average of -0.515%

Yesterday in a mixed market the weak sectors stocks were again 'weaker' not much though.

Scottnlena, I think that is a good thing.  I have sub-industry sorts ready to go,  but my elementary studies showed me that the Industry was sufficient (Watch out for Financials though -  That could be ETFs of any industry and in either direction). In one of my posts to the Ask A Trainer you'll find a very simple approach to eliminate undesired sectors, or include only targeted sectors.

I think this only makes sense and I have spoke to a number of professional active fund managers and they like the direction.  There are a few sector rotational managers I have tried to work with on this but I haven't been able to catch them yet. (Most managers just mirror the sectors in their benchmark (+/- a few percent).  I say why not avoid the weak altogether? That is, if you're long.

steve

On a weak day where the Dow, SP500 and NASDAQ were down around 2.7 - 3.2% 

6 of 8 in the weak sectors underperformed (HTLH, up slightly and ABC down .7%)

only 1 of 6 in the 'Hot' Sectors underperformed (KSS)

Again I am just showing the board how I filter positions and doing this to create account of my observation.

steve

Thanks,  Bruce I was trying to look for some of the user's support and thought processes.  Thanks for the links I have programmed the PCF (and incorporated the easyscan).  Am I right, there are no target shooter type projections you can overlay on a chart.

BigBlock - I have placed an order at the local library for the book, thanks. (Author Jardine, right?)

steve

Folks, I see quite a few postings in reference to Fibonacci lines and retracements.  Can you point me to threads or a study on how to use and interpret them? 

Also I don't think there are target lines in Telechart, and therefore you must calculate manually or use an outside calculator.  Please correct me.  I have read about them but never really implemented anything.

thanks,
steve

SignalTap -  I thought I would segregate your list into those positions that have a Weak Industry or Sector and those that are in a stronger sector. With the 14 I could see:  8 were in what I term Weak Sectors and 6 were in Hot Sectors (In this market Warmish).  Then I looked for extreme optimistic readings on the 8 Weak sector stocks.  None came up,  but I have tight excessive parameters and I look for the most extreme and if I looked individually these may have been somewhat extreme.  An optimistic extreme is bearish in theory.

I'm listing them below for accountability and to track if there is 'more' weakness in the Weak sectors.  I'm sure someone on the board would know how to track these.

Weak Sector stocks from your list:  (With the exception of WMS - All weak stocks are hitting (or just about hitting) my crossover trigger..

PCR
ABC
AN
WMS
PSS
QLGC
HLTH
EME

Hot Sector stocks from your list:
KSS
ADM
PCG
PNW
NVE
SCG

steve