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Supreona
06-27-2008, 02:12 AM
OK...I've noticed a common theme in this market, and of course I would assume we all have. When Oil is up... Transportation is down...of course because they use fuel. Financial s are down also because Oil weakens the dollar.

It's almost as if they're paired and are the inverse of each other.

Oil/Financials

Oil/Transportation

What other pairs are there...if I'm even making sense.

john_for_u80
06-27-2008, 03:02 AM
Financials are down because they have no money due to housing Crisis. They are actually making money on higher Oil prices because they are in Oil/Energy sector!

wallstreetsedge
06-27-2008, 03:07 AM
the only real pair there is oil/transportation

also when it comes to reversals in the mkt.. the russell 2000 usually leads upward first