Sector Going to Perform | Stk Mkt Future Direction | 29-03 Oct

The sectors which can be outperformer as shown in the screen shot is Healthcare sector which is growing exponentially as the world recession is taking its toll on people and more people are suffering from the ailments. If one further dig down in the image; one will find that IT and metal space have been worst performers in the week gone by and thus accordingly one can take positions in the coming week; however do keep tab on certain indicators which will let a stock expert know that the trend of the sector is about to change.

Similarily one will see that Baltic dry index is a key indicator for the world stock markets and same is showing a down trend and it is one of the indicators which foretells the likely state of market in times to come. The Baltic Dry Index has broken through support at 2300/2400 which means that demand for bulk commodity shipping is slowing and is a negative outlook for resources stocks. Keep watch if the level of 1500 is broken as it means reversal to a primary down-trend.

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