Monday, September 14, 2009
Weekly Watchlist 9/14
The commodities like copper and oil had sort of an ugly reversal on friday and the dollar strengthened a bit late. Whether this leads to more continuation this week we shall see but the trend is certainly pointing the other way for now. Another sector to watch of course is the banks (XLF) as they did not make new highs last week as the broad market did. This could be a warning sign going forward as banks need to participate if the market is going to rally to new highs. Retail will be in focus this week as investors try to gauge the strength of the consumer when BBY reports Tuesday.
Longs>>> BKE, ODP, SVA, RIMM, ACI, SBLK, GMCR
Shorts>>> ICE, ERTS