Financial Market Report for April 11, 2012
China Financials, CHIX, Ireland, IRE, and UK Banking, BCS, LYG, RBS, led European Financials, EUFN, and India Earnings, EPI, higher in front of the China report.
The most oversold banking shares, IRE, BCS, LYG, RBS, LYG, and EPI, were led higher by China Financials, CHIX.
And the most oversold mining, growth, and energy shares were led higher by Aluminum, ALUM, these included URA, COPX, SLX, EMMT, CHII, REMX, KOL, PSCE, XOP, OIH, and IEZ.
The precious metal mining shares, GDXJ, GDX, SIL,rose strongly.
In response trade nations, YAO, EWD, and CNDA rose strongly.
This presented an opportunity to go short a number of stocks including
Homebuilders DHI, PHM, LEN
Earth Diggging And Rail Car Stocks, CAT, JOYG, MTW, TEX, IR, GBX, TRN, ARII, TIE
Coal Shares, ANR, BTU
Industrial Shares, OI, PPG
Consumer Discretionary, SBUK, CMG, PCLN,
Value Shares, AVY, BID, PII, BC, FUN,
Industrial Electrical Equipment AIMC, ETN, ROK, ENS, AME,
Communications Equipment, QCOM
Design Build, USG, NCC, GLDD, MAS, FLR,
Real Estate, SPG, AVB, ESS,
Vehicle Parts Manufacturers, WNC, TWI, MTOR, WPRT, WBC, TEN, TRW
Aerospace, BA, HON, BEAV,
Agricultural Equipment TSCO, LNN, AGCO, DE, NE
Mining CLF, ZINC, RIO, VALE, SCCO, MCP, SLT, CF, BHP, AHC,
Diversified Machinery, SPW, CMI
Small Cap Industrial WCC, TRS, HEES,
Banks, BAC, AIG, C, MS, GS,
Semiconductors, MSCC, AMKR, LSI
Chemical Manufacturers, LPL, LYB, ROC, KPOP, ASH,
Health Care Provider, MOH,