From time to time I'll post charts exemplary of the current state of the markets. Everything going in the toilet? Not really. KR is turning around.
Market Direction
- Thread starter Albert Cibiades
- Start date
And generic pharma is showing signs of bucking the down trend.
If you can't afford Perrier any more, ya gotta drink somethin'. Of all the large cap privatized water systems, this one is bucking the down market the best.
KR, BRL and WTR still have the green light, suggesting that they will be leaders when the market bottoms and turns. Alas, those three are the exceptions among the universe of sectors I monitor.
ADM is another recession-resistant stock.
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Albert;
Must have pretty good fundamentals;
its still way below 200 day moving average., but above 50dma.
KR must be really selling food;
its in a yearly uptrend
Never thought to look at it until you posted, but my oscillator empirically-tuned for the daily chart is close to a 50 day ema.
Trash leads the way to recovery.
Economic conditions are sufficiently bad that I recommend strong pawn shop/payday loan companies, EZPW being my local favorite.
Generally I invest where I spend my money. Take a look at IDC. Is it a harbinger of recovery?