I haven’t seen much mention of it in the financial media, but the Materials sector is coming to life. XLB, the Materials sector ETF, just broke to 4-year highs:
The seasonal chart of XLB shows this sector typically rises in the fall. Over the last 14 years, XLB has gained an average 5.7% over the next 11 weeks, with gains in a high 86% of the years:
Finance.yahoo.com shows the top 10 holdings of XLB:
Most of these stocks have good looking charts. At least three of them have been the subject of previous Seasonal Forecaster trades. In Monday’s Seasonal Forecaster newsletter I will pick one or two of the best looking ones and cover their fundamentals, charts, seasonal track records, and trade possibilities.
Of course, there’s much more you need to know and many more stocks you can capitalize upon each and every day. To find out more, type in www.markettamer.com/seasonal-forecaster
Copyright (C) 2013 Stock & Options Training LLC
Unless indicated otherwise, at the time of this writing, the author has no positions in any of the above-mentioned securities.
Gregg Harris is the Chief Technical Strategist at MarketTamer.com with extensive experience in the financial sector.
Gregg started out as an Engineer and brings a rigorous thinking to his financial research. Gregg’s passion for finance resulted in the creation of a real-time quote system and his work has been featured nationally in publications, such as the Investment Guide magazine.
As an avid researcher, Gregg concentrates on leveraging what institutional and big money players are doing to move the market and create seasonal trend patterns. Using custom research tools, Gregg identifies stocks that are optimal for stock and options traders to exploit these trends and find the tailwinds that can propel stocks to levels that are hidden to the average trader.
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