Weekly Sector Review

XLF

XHB
XLU

OIH

XLE

USO

SMH

GLD

XAU

A week of not going anywhere fast. I do not believe the economy is going to fall off a cliff so it is time to fine your points and buy stocks for the longer term. I am much more of a short term trader so I will be coming and going a lot.

ON the major index ETRs, there has been higher volume on up days than down. The Smart Money verses Dumb money index found at Sentimentrader.com continues to support the bulls longer term. Too many people seem scared. And finally, a friend of mine judges the overall economy based on how well things are running in the underground economy and things are just smoking there.