It was an interesting day Friday as the entire market seemed to rally except for technology stocks. Many of the major indices closed at new 52-week, and multi-year highs while the Nasdaq is still languishing below its 50-day moving average. The Naz actually looks like a good shorting candidate to me.
One sector that has been working well, as I pointed out a few days back, is the ‘Metals & Mining’ sector (as Worden calls it). Having so many long candidates from that sector is definitely new for me. While they may not be as sexy as Google they’re working well. Here are a couple of stocks which I currently own, PAAS and USU.
