John Murphy: JANUARY ROTATION OUT OF EMERGING MARKETS AND BASIC MATERIALS INTO CONSUMER STAPLES AND HEALTCHARE SHOWS MOVE AWAY FROM RISK AND TOWARD SAFETY — TECHNOLOGY IS FALLING HARD TODAY AND IS PULLING REST OF MARKET LOWER — DAILY EMA LINES TURN NEGATIVE AND WEEKLIES WEAKEN — THAT’S INDICATIVE OF AN INTERMEDIATE CORRECTION OF AT LEAST 10%
Arthur Hill has been showing the recent rotation out of former market leaders and into defensive market sectors that are considered to be risk averse. It's an important point that bears repeating....
January 28, 2010 | Filed Under Analyst Opinions
Comments
Leave a Reply