Rok-n-Dan's Market and Sector Analysis with Fidelity Select Sector Funds

Dan Caldwell

4/15/14: Market thoughts: Quick out-of-the box observation - even tho the Russell 2000 (RUT) is breaking below its 200 day MA, the TWM is losing momentum. That tells me that big money is already cashing in on this play. (They could be wrong, but it's worth paying attention to). Also, in spite of a knock down in gold mining stocks at the open, the P&F BP's are trending up - - hedge funds taking advantage of the sale price to accumulate??

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00000 Shanghai Stock Exchange Composite Index (EOD) ($SSEC)

0000a1 XAU Index to Price of Gold Ratio ($XAU:$SILVER)

0000a1a Gold & Silver Index - Philadelphia/Gold - Continuous Contract (EOD) ($XAU:$GOLD)

a01 NYSE Summation Index (Ratio Adjusted) ($nysi)

a01a NASDAQ Summation Index (Ratio Adjusted) ($nasi)

a02 S&P 500 to Volatility Index ($spx:$vix)

a03 Russell 2000 Small Cap Index ($RUT)

a03 Russell 2000 Small Cap Index/Russell 1000 Index ($rut:$rui)

Added 2/10/06. When small caps start to lag larger cap stocks it usually signals a market correction. When the small caps start to lead large caps then buy with gusto!

a06 Copper Futures - COMEX ($copper)

3/20/08 It's interesting to note that LME copper inventories are falling to record lows as we enter the strongest demand period leading up to the summer months, even as copper prices retreat (source Kitco Base Metals. com) and copper prices remain in backwardization (source Metalprices. com), typically a bullish indicator. Could it be that we're seeing a 'takedown' in commodity prices to allow big money, like Calpers, to buy in at lower prices?

AAb Gold - Continuous Contract (EOD) ($gold)

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