Replies to post #35245 on Profunds index and sector trading (PRO)

[CaribbeanJim]

TT - Even the relative price to Nasdaq shows a breakout.
Looking for a Nas100 channel breakout over the next couple weeks. Sentiment is still not bullish enough to put in a final top so we could have another good month in March.

[CaribbeanJim]

XAU Monthly

Interesting chart by Flavin. I would have to agree with him on this one.

[CaribbeanJim]

Biotech is minutes away from showing its true colors. A beautiful cup and handle has formed since early 2006 and it has been in a sideways pattern since 2003. The ADX is in the dirt. Relative to SPX is also in the dirt. This looks like a high reward, low risk play at these levels if the outcome of this breakout is bullish.

I will be starting a small long if that is indeed the case.