rjm77me's Blog : Material sector is oversold - US $ inverse trade Buy or sell?

energy / coal/ steel stocks are moving down every time dollar moves with reference to other currencies.

Some where along the line this relationship will part ways. I keep UUP = dollar index chart and chart of BTU, SCCO, MT, VALE on my computer screen - there is slight lag in prices of material stocks meaning if dollar moves up by few pennies get out of a long trade and go short and other way around. I also keep $TRN TRIN INDEx and major indexes Like $INDU $COMPX as most of the stocks will follow the general market weakness or upside.
This is almost like saying if I want to build a new home, I should ask discount on copper wiring and pipes.

It is too much to check and watch - may be - what happens when one is hustling to make a sale or fix wires on a pole or ice strom on daily basis. Again trading is not for every one

Please do your own home work before buy or selling any instruments. I am more used to taking short term trades due to lower risk profile.

Happy trading