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IBDvalueinvestin (99.67)

Beige Book shows bright spot in

Recs

4

July 29, 2009 – Comments (1)

health care sector of economy. Now we know why rotation to healthcare is occurring today.

Huge moneyflow out of Energy ahead of August seasonal outflow from energy and into Healthcare and Retail. 

Retail has a seasonal inflow in August due to back to school sales.

 

See my previous post for Healthcare & retail stock picks

1 Comments – Post Your Own

#1) On July 29, 2009 at 3:45 PM, IBDvalueinvestin (99.67) wrote:

Another factor showing this is a bull rally and not a bear rally is that whenever we open deep in the red and the market comes back in the last hour to get near break even or even into the green is a clear sign the major insitutional investors are buying heavily whenever stocks go negative.

That tells you that more upside is very possible and that sideline cash is being used to buy all dips.

 That is an historic bull market trend and not a bear market trend which is the complete opposite.

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