Date: 9/08/2004
I am always curious where we are in the Market. I took this from StockCharts.com. I hope I don't get in trouble. Based on Sam Stovall's S&P Guide to Sector Rotation, we are at the top of the Market cycle. I am not selling all my holdings just yet. My gut instinct is that the Middle East and Venezuela problems have had much to do with the increase in energy stocks. I am sure you have figured that out too. I took a look at the Dow Avg. stocks today and I don't see any huge steals out there (based on technicals), maybe INTC.
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