The last couple of days proved to be a reminder of how easy it is to fall into the trap of telling the market what it is supposed to do, rather than reacting to what it is doing. The Fed is going to do this, that, or some other thing and stocks are going to behave one way or another.
Many times, the market can be like and old, wily, veteran baseball pitcher. Like one of TEN’s favorites, Greg Maddox, just when you think a fastball is coming down the middle of the plate, you’re double crossed with a changeup on the outside corner. Stttttriiiike 3 – grab some pine.
Instead of swinging wildly, Top Equity News will go back to the basics and let the market pick winners and losers for us. We’ll just follow along because the tape never – ever – lies.
Now that Ben Bernanke and Company have spoken, Top Equity reviewed the results of our daily screens to see if any new trends emerged. We saw two standouts: Gold and Real Estate.
Multiple stocks and ETFs from both sectors worked their way through the funnel to end up on TEN’s buy candidate list. They include:
Real Estate:
Dexion Daily Real Estate Bull 3 (DRN)
iShares Cohen & Steers Realty M (ICF)
iShares Dow Jones U.S. Real Est (IYR)
Realty Income Corporation (O)
SPDR DJ Wilshire REIT ETF (RWR)
ProShares Ultra Real Estate (URE)
Vanguard REIT ETF (VNQ)
Gold:
Allied Nevada Gold Corp Allied (ANV)
AngloGold Ashanti Ltd. Common S (AU)
Deutsche Bank AG DB Gold Double (DGP)
ProShares Ultra Gold (UGL)
Despite being outnumbered, Top Equity prefers the metal over bricks and mortar. Comparing charts, gold stocks seem to be in the initial phase of recovery from their recent weakness. Real Estate, however, looks to be more extended. It wouldn’t be surprising to see the sector relax a bit, maybe shakeout some week hands, and then resume climbing higher.
Stock Market Trends: Back to Basics, Follow the Tape! is an article from: 
