Sector Inspector - 6 May 2012

The charts are looking fairly bleak this week.  Most of the sectors are either bearish or neutral.  If the markets play out the same as over the last few years we should see a war between the stock traders and the Federal Reserve...  I'm anticipating some pretty negative stock market behavior over the next weeks or possibly months. 

I like to think of this as a "temper tantrum", an attempt to force a new quantitative easing.  Ultimately, the feds will buckle.  Around election time, the last thing the government wants is more stock market losses.

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