Weekly Sector Review

XLF

XHB
XLU
OIH

XLE

SMH

XAU

I find this market very frustrating. I do much better in trending markets with nice pull backs. I was expecting the market to correct some after the Fed Cut - a buy the rumor sell the fact type of thing. No luck there. We had the massive rally on Thursday. The one thing I take from it - it seemed like everyone was expecting a decline and nobody got it.

Where are we now? I am not going to force some BS and tell you. I am not that type of guy. I have little idea where we go next. My best guess is the market will spend some time looking like a child with their crayons. A lot of intraday action has looked like this.

I am very pissed at myself for not staying with my XHB trade. All the way down, the rallies have been under 15% so taking 10% was a wish move. With the market continuing to go up, I wish I had stayed more fully invested. Such is life.

I will leave you with three important facts/ideas. One, do not chase this market - let stocks and positions come to you or you will find you own too many MONKEYS. Two, the rule so goes January, so goes the year is crap. If January is down, the year is only down 56% of the time. Three, when January is down, it is something like 93% chance the low for the year has not been put in. So odds are you will get another good opportunity to buy sometime soon.

Enjoy the Super Bowl. I am still in pain that my beloved Packers are not there.