Tuesday, February 2, 2010

Is healthcare leading the way?

Today the market had a second day of triple digit gains but i'm still cautious about jumping in the market. Today i made a couple of trades and lost $808 trading United Steels. Materials and Indus trials stocks lead the way today but i started to notice weakness in some of the mining stocks in particular gold stocks.


I went through my regular routine of screening for stocks and I've notice that health care stocks have maintain their upward momentum. Heathcare ETFs XLV and RXL bounced off the 50-MA line. I also found a couple of healthcare stocks with positive earnings growth and technical charts.

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