Replies to post #571 on Sector Investing

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Gold stocks performed well during the first week of August. XAU is testing its July highs around 84.5. A successful break higher sets up a possible test of the 2002 highs near the 90 level:

http://www.optionetics.com/articles/article_full.asp?idNo=8860



Gold Index Components 6 Month Charts - $GOX, ABX, AU, GLG, NEM, AEM:

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Oil service stocks were one of the worst performers last month, but appear to be gaining strength in August. OSX rising up along long-term trendline.

http://www.optionetics.com/articles/article_full.asp?idNo=8860

Oil Services Index - $OSX, BHI, BJS, CAM, GLBL, GSF - 6 Month Charts:







http://finance.yahoo.com/q?s=@^osx&d=t

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Internet stocks are among the week’s worst performers. INX is falling from seriously overbought levels and closed near the lows of the week.

http://www.optionetics.com/articles/article_full.asp?idNo=8860



Internet Index GSTI Components - $GIN, AMZN, AOL, CKFR, DCLK, EBAY, ELNK - 6 Month Daily Charts:

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Biotechs wreck and BTK is oversold on the short-term chart. Looking for support around 420. If it fails, look for increasing momentum to the downside.

http://www.optionetics.com/articles/article_full.asp?idNo=8860

Biotech Index BTK Components - $BTK, AFFX, AMGN, BGEN, CEPH, CHIR, CRA:

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Disk Drive which one of last month’s best gainers has been the market’s biggest loser so far in August. Short-term oversold, but weekly chart hints at lower prices ahead.

http://www.optionetics.com/articles/article_full.asp?idNo=8860

Disk Drive Index Components - $DDX, ADIC, ADPT, FLSH, HTCH - 6 Month Daily Charts: