OIH (oil services)
OIH is looking very healthy to me as it is climbing its daily upper BB higher, and, it has just started a new bullish formation with 10- above 20- above the 30-day MA. DO has been making new ATHs, jumping from $125 to $150 in 6 trading days! SLB seems to be making a good comeback since the fall in October. RIG is still staying strong. NOV could be shaping up for a breakout soon.
GLD/GDX/XME (gold/gold miners/metals and mining)
GLD
GLD broke out last week and it’s catching up to its ATH at $83.63.
GDX
GDX moved above its daily MAs last week, and, the daily MAs are starting to turn up. ABX is looking very interesting to me, gaining +6.45% on Friday.
XME
XME set a new ATH at $71.55 couple of weeks ago and took some time to vent. Now, it’s back near $70. It could be staging a breakout from here. STLD has been making new ATHs recently. CLF has climbed from around $75 in mid-Nov all the way back to near its ATH. BTU and ACI have both been fairly strong.
SWH (software)
SWH has moved back up to its daily upper BB. Its daily MAs have established a new bullish formation. Here are the top holdings of SWH. I find INTU looking very interesting.
MOO (agriculture)
This sector has been on fire and could be looking to go higher!! MOO set a new ATH last week, at $58.55, although it is a fairly new ETF. POT, MOS, AGU, CF, and MON are among the “popular” stocks.
HappyTrading! ™
2 Trackbacks/Pingbacks
[...] each gained about +2%. GLD reached above $85 today, a new ATH! ABX, mentioned this weekend in my Sector Watch, closed up nearly +10% [...]
[...] its daily upper BB. With gold charging up, gold miners seem to be looking to go higher also. ABX, mentioned last weekend, has broken out to a new ATH (all-time high) this week. Now, AU and NEM are shaping up really [...]
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