Thursday, February 09, 2012

 
 
 

 
 
 
 
 
These stocks led during the crash and the rally
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Tuesday, October 13, 2009
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From Bespoke Investment Group:

Dow Theory followers have noted recently that the Dow Transports index has failed to confirm the market's uptrend since it isn't at new highs while the Dow Industrial Average is.

But maybe a more worrisome trend this time around is that the S&P 1500 Homebuilder Index has failed to make new highs along with the overall market.

Since the homebuilders led the market lower during the bear and were some of the best performers out of the gate at the start of the bull, this group may be the important one to watch for confirmation of the rally.

Read full article (with chart)...

More on stocks:

This indicator says the market is going higher
 
Three big reasons to be worried about the rally

Expert money manager: These stocks are set to explode higher

Topics: Homebuilders | Stocks
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