The Correct Call

The Correct Call extends its warm gratitude for the bravery and sacrifice of all U.S. veterans. Armistice Day, as it was known back then, was first celebrated on November 11, 1918 to honor the end of WWI. In 1954, after WWII and the Korean War, congress changed the name to Veterans Day to honor all veterans of war. We thank all of the men and women who have served and who are currently serving this great nation. We recognize that our freedom didn’t come free.

Last week was a tough week on all sectors as only 7 were able to post gains. Our readers should recognize a few of the sectors on top as we have been highlighting telecom and utility stocks in the technical analysis portion of a few recent Sector Performance posts.

Keep the following sectors in mind when you are considering which stocks to buy and sell. The week’s top performers were:

Here are the week’s poorest performing industries. We guess the market is trying to bankrupt coal before the president elect can.

During the Technical Analysis part of our weekly sector review, once again, we only found two new early buy signals. One is very intriguing to us, Mortgage Financing stocks. Due to the subprime fiasco, this sector has been stomped on and distinguished like a cigarette but by a militant non-smoker. There could be huge gains in these stocks if the positive MACD crossover bears fruit. The other buy confirmation we found are Oil & Gas Stocks.

One the downside, it’s Déjà Vu all over again, as we find more sick charts than healthy ones. The sectors with new sell signals include:

Electronic Equipment
Consumer Services
Industrial Suppliers
Software
Large Cap Growth Stocks
Small Cap Stocks

Tags: Sector Performance, technical analysis

This entry was posted on Tuesday, November 11th, 2008 at 8:23 am and is filed under Sector Performance, technical analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.