This week’s herds report

I stole Thorsday again.

So Rock is back looking at relative strength to see where money is currently flowing. The list is sorted best to worst relative strength, and the numbers indicate the percentages of these herds are leading or trailing the S&P index. If you have a favorite herd that’s not here, let me know and I’ll add it. I try to select sector-based herds which are hard to find for some sectors. Some herds are balanced across several sectors, and I don’t follow them. The Dow Jones money report shows money is flowing out of the markets, making low volumes cause big swings (VXX is at almost 52 as of this writing).

Note that Gold and Silver are now in the worst positions. Just a few short weeks ago, they were the only ones making money. How quickly sentiments change, and a clear indicator you can’t turn your back for a minute. I got stopped out of my gold investment positions, but haven’t reinvested in anything. Looks like oils are also getting tanked. And the Solars are still in the cellar.

Notice money is flowing into banks. I find this very surprising, but maybe the banks were so beat up that investors think it’s time to get back in. I think the jury's still out, in case PIIGS write down their debt. I don’t trade financials, for religious reasons. IAK is insurance, and qualifies in the “financials”.

Note also $DJTCNS has turned around in the last 5 days. Again, the housing sector was so beat down, it may be that the housing materials (the first to recover in a real recovery) is seeing some investment. $DJTCNS has LOWE, HD, Owens-corning, etc. It’s not the homebuilders.

On an individual note, AAPL and IBM have both had nice pullbacks, and it may be time to put them on your watchlist. The Nasdaq has been trailing the S&P for the last several days, so I’m looking for a continued downpressure on the markets, Like I said before, I’d like to see a hit or crossover of 1140 before we get a turnaround, to make a meaningful move up. We’re almost there, I’m thinking by Monday, with a Turnaround Tuesday of next week.

The format of this table is ETF, 5 day relative strength, and relative strength trend.
IAK 0.031 Rising
$BKX 0.03 Rising
UCC 0.03 Flat
$DJTCNS 0.027 Rising
KIE 0.026 Rising
XLF 0.023 Rising
ITA 0.022 Rising
KBE 0.022 Rising
ITB 0.019 Flat
KRE 0.016 Flat
$DJTATO 0.014 Rising
$DJT 0.013 Rising
$DJTENG 0.013 Rising
DIG 0.013 Rising
IGV 0.013 Rising
KCE 0.012 Flat
IXJ 0.011 Falling
XHB 0.011 Flat
$DRG.X 0.009 Flat
$DJTFOB 0.008 Falling
USO 0.008 Rising
$OIX.X 0.006 Rising
IHI 0.006 Falling
$HIG.X 0.005 Flat
UTH 0.004 Flat
$DJTCHE 0.003 Rising
IXI 0.001 Rising
SLX 0 Rising
XLU -0.001 Falling
XRT -0.001 Falling
KOL -0.002 Rising
$DJULTC -0.003 Falling
XLK -0.003 Falling
XLV -0.003 Falling
$DJTFVS -0.004 Rising
VHT -0.007 Falling
IYH -0.008 Falling
IHE -0.009 Falling
IYE -0.01 Rising
RTH -0.01 Falling
SMH -0.01 Falling
GEX -0.011 Rising
XLP -0.011 Falling
BBH -0.012 Falling
$DJTTR -0.013 Falling
IYZ -0.013 Flat
ICF -0.015 Flat
IRET -0.02 Falling
DBA -0.021 Flat
$SOX.X -0.027 Falling
IBB -0.029 Falling
XME -0.029 Rising
XBI -0.034 Falling
$DJTBAS -0.035 Rising
XOP -0.039 Flat
XES -0.04 Rising
OIH -0.051 Rising
TAN -0.069 Flat
GLD -0.1 Falling
GDX -0.103 Rising
SLV -0.174 Flat