RTH and XRT.. the amazing retail ETFs, which have been rising dramatically while unemployment in total is near 20%, (go figure) finally gave a sell signal. I also notice my SKS and JAS, have turned south. However I will wait for a solid exit since this market seems to bounce back on a regular basis .. no matter what. One day it won't. I think the retail sector is in for a big correction.
Small caps have been on a parabolic liftoff and now are leading the charge down.
HHH internet ETF dropping dramatically, went thru 50 day ema. Next support 59.10
UGA gasoline at new highs along with USL with oil above 86
stocks having big drops all over the place and LCAPA just holds on. amazing, a triple since last august.
Friday, April 30, 2010
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