Anticipating Where Money May Rotate Next and a Strong Trading Candidate
Catching an industry group as it bottoms and begins to lead the market can be very profitable. We’re seeing tons of rotation in the stock market, which is the biggest reason why selling doesn’t last long. Money comes out of one group and then rotates into another. Right now, oil equipment & services ($DJUSOI) is one of the strongest industry groups after rising 12-13% last week. But prior to that move, short-term momentum traders probably wouldn’t have taken a second look at the group. Consolidation…
