Wednesday, August 15, 2012

08/15/2012 timing note

The sector model is now confirming XLU (utilities) to be the weak sector, replacing XLK (technology) as the sector to short.

So, the model is now long XLF (financials) or short XLU (if you're shorting).

That doesn't mean I'll be shorting.  It only means that this is the weakest sector -- which is bullish for the broad market.

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