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Sunday, January 5, 2014

The Week ending 1/5/14

Checking the Stats of the S&P sectors of the week most notable were:

  • Airlines were up 6.1%
     
  • Platinum & Precious Metals up 4.49%
     
  • Gold Miners up 2.13%
     
  • Renewable Energy Equipment (Total stock market) up 6.9%   ($DWCREE)
     
  • Mortgage Reits up 2.19%
     
  • Apparel Retailers up 1.19%

    Losses were:  
  • Xle  Energy sector down 1.54%   (Watch for drop Below Cloud)
  • XLU  utilities sector down 1.43%  (Bearish)
  • XLK Technology down 1.01% 
  • XLI  Industrials down .63%         (Bullish, but looking like a pullback)


    The Uranium Sector looked like it has some interest last week, The best looking chart in my opinion is URZ. URG is getting a lot of publicity, and  i think CCJ may have finished it's first wave up.

    I like Dennison's Chart as well, it's looking like it may be setting up an Harmonic Pattern but the Lagging line as already broke the cloud and has had a pullback.Technicals look like more to go is the reasoning for the Harmonic Pattern.

    URG Weekly is looks to be trying an Break-out. Possibly this week.

    URA's (ETF) Weekly RSI & DMI look very bullish, but lagging line hasn't Broken out yet.Candles are above the Cloud and there's a Descending Triangle (weekly) with an Rectangle Bottom (Daily chart).

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