What not to be in!

As usual, we will have a comprehensive market report over the weekend…but…with the market hanging tight, lots of stuff working underneath but the areas we have pointed out to you to avoid have not really changed. Here are a few.

We would continue to avoid anything energy (except for refiners). We believe the recent rally/bounce is just that. The same goes for natural gas which seems to be breaking down here.

On top of that, most all commodity areas seem to have also hit the wall after bouncing in their downtrend. Again, no leadership here.

Recently, we told you on Feb 6 that we thought the bond market and many interest rate sensitive areas had topped for now. That stance has not changed as reits and utilities coninue to act poorly here.

We would not continue to avoid most gaming…especially the ones with exposure to Macau.

We will have a few other areas over the weekend as it is easier to isolate weakness when the market is strong.

 

This guy is Secretary of State!

Secretary of State John Kerry blasted Israeli Prime Minister Benjamin Netanyahu, claiming his support for the U.S. invasion of Iraq shows his judgment on Iran can’t be trusted. “The prime minister was profoundly forward-leaning and outspoken about the importance of invading Iraq under George W. Bush. We all know what happened with that decision,” Kerry said during a House hearing Wednesday. Of course, Kerry voted for the war in Iraq in 2002 and said he was for the invasion during his presidential campaign against George W. Bush in 2004.