Saturday, March 14, 2009

Rally firms up with some leadership

Market update:

Earlier this week, I wondered if this was a fool's rally, lead only by financials.

Strike that. On Thursday and Friday, 3-12 and 3-13, healthcare stocks lead the way. Consumer staples is also showing some strength. These are the leaders we would expect to see in a new sustained rally. ... I may start nibbling on pullbacks (VDC, VHY, IHE, IHI). These are ETFs I dumped in the past few weeks.

Maybe that was the low we saw March 6???