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

Dan Caldwell

9/8/14: Market thoughts: Back in March I posted a US Dollar chart (top of p.3) with two different lines of thought reflecting market viewpoints. One line of thought was that with the US becoming more energy independent, the Eurozone coalition falling apart, massive money printing by the BOJ AND a record number of USD bears, that the dollar was poised to move higher in 2014 as the dollar bears got squeezed. The 2nd viewpoint was that the Fed's massive money printing experiment was falling apart, housing and retail, both mainstays of the US economy were in decline, and that the US dollar would retest previous lows. It now appears that the USDollar bulls have won this battle, and the dollar is poised to move even higher.

More

00000 NYSE Composite Index/Euro Index ($NYA:$XEU)

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?

This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Use for more details.