Energy and Metals - This Week’s Winners

September 19, 2008

If you made money this week, you were most likely holding some stocks from the energy and metals/mining sectors. Utilities have gained 0.7% over the past week, but energy and metals/mining were the big winners, gaining 3.2% and 2.9%. These two sectors have taken a beating lately, but rebounded nicely this week.

Trade 4 Cash has 8 trade signals for Friday - four sells and four buys. Wave Rider is adding one more stock, and is now 60% invested.

The Market Strength Meter has fallen to a reading of +3. Another Bear Alert will not be triggered unless the meter drops to -12 or lower, so there is still plenty of breathing space at this point. Tier 1 Steady MV, SCMV Weekly, and Wave Rider would like to have a lot more time to let their current trades really develop. We shall see if they get that time or not. Have a great weekend!

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