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Weekly update on FTSE 350 sectors
Weekly update on FTSE 350 sectors
Posted in FTSE100 analysis
on 13/03/10
Here is the weekly update on FTSE 350 sectors that pass 5 tests to give me either a long or a short bias (for long bias relative strength out performance, above 200 MA, Kagi in Yang mode, MA combination in up trend, 3 line break chart positive; short bias is opposite).
Out of 39 sectors 13 give me a long bias, none give me a short bias. Note this would not prevent me taking a counter trend short trade on an index, but it does, for me, rule out going short on an individual share. Also note, individual stocks within the sectors also have to pass the same 5 tests, plus I wont look at any stock outside the FTSE 350.
The 13 sectors with a long bias are:
Chemicals
Construction
Electronic and electrical equipment
Forestry and paper
Industrial engineering
Industrial metals
Industrial transportation
Mining
Oil equipment
Personal goods
Software
Technology hardware
Travel and leisure
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