Mainely Stocks

[ari5000]

Where will strength emerge first?


http://stockcharts.com/h-sc/ui?s=FXI&p=D&yr=0&mn=9&dy=0&id=p56767758354

I'm definitely watching China a little more closely. Yesterday FXI closed above its 20 day MA -- that is quite an accomplishment considering the rest of the markets.

One 'tell' a few gurus are using is FCX -- a copper company. If copper is in demand -- then the global economy should be doing well. Yesterday FCX started the day strong even when the indexes went red. Eventually, the sellers ran out of strength and a rally took over. FCX is a leading indicator these days.

This morning, FCX is strong again. And the Shanghai index had a great session. So it may be early... and I don't plan to jump in there right away... but always be on the look out for strength or at the very least, stability.

The unusual thing about yesterday was that tech was really weak but the industrials were strong. So the next emerging leaders may be a completely new set of names.

With offshore drilling in the pits... I have to think at some point oil prices are going to rise much faster than anticipated... and anyone controlling energy assets is going to see a sharp rise in value...


And I especially love the fact that the commodity rally yesterday was lead by my new friend... sugar

http://stockcharts.com/h-sc/ui?s=SGG&p=D&yr=0&mn=9&dy=0&id=p82180939089

This is a beautiful chart. With the 20 day MA now starting to curve up... this is exactly the kind of multi-month holding that could make you 20 - 30% if you buy in today. I would recommend a small buy of SGG right now based on this chart. I own a little. I may buy more soon.