Sector focus - rare metals

Was the sector area all last month and suddenly it's not the focus?The demand for these rare-earth metals (MCP & REE) should increase over time and this should exactly at these levels observed save were the General market in better condition, I would say this pullback plays would be no brainers and keep long term.

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Food Sector Could BO To All Time Highs

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This sector caught my eye today with the following stocks leading the way:

CPO ADM GMCR HOGS HAIN HRL

We could see an extremely bullish breakout if the market firms up and moves higher. The big problem right now is that we’re just waffling around the June highs on the Nasdaq and we could really go either way. The best thing to do now is to build your watchlists of both longs and shorts and wait for a decisive move. What I’m pointing out here with the Food Products Index is a more anticipatory move.

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Sector Winner

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There’s not a whole lot to report in terms of market signals as my indicators are still bearish. They’re improved, but still no need to go long at the moment. I just wanted to look at the day’s winner in terms of % mover and ask you if this looks like a chart pattern that you would feel comfortable buying? It’s possible we rally some more, but this chart in my opinion does not have a good edge in terms of going long. 

I just checked on the 5 biggest winners within the sector (PCX ANR MEE ICO ACI) and they all have below average volume. When you add in the anemic volume on the indexes today it paints a much bleaker picture.

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