Redback's Australian Stock Market Report: Property Trusts. Materials. Energy.

Showing posts with label Property Trusts. Materials. Energy.. Show all posts

Monday, February 1, 2010

Relative Change in Sectors. 2/2/2010

The sectors with the biggest percentage changes today were: Property Trusts, Materials and Energy.

This suggests that traders looking for short term swing trades should look to these sectors for likely candidates.

About this blog

Emphasis in this report is given to inter-market analysis (bonds, gold, international stock markets, currencies), market sector analysis and breadth analysis. Mention will also be made of simple Technical Analysis tools. The main indicators used are the MACD (Moving Average Convergence Divergence), RSI (Relative Strength Index), Slow Stochastic, trend lines and On Balance Volume.

To make matters clear. I am not a licensed financial advisor. Any statement that I make should be read as the personal opinion of a simple chartist trying to make sense of a chaotic environment.