In line with expectations, markets have started their recovery beginning March 2009. Which sectors are the leaders?
My rankings for them, in that order:
1. Chinese real-estate companies
2. Commodity firms
3. Oil-and-gas stocks
I have got in a piece of action on Chinese real estate through Sino. How about commodity firms listed on local stock exchange? Wilmar, Olam, Noble, Golden Agri in that order are breaking out into bullish trends.
Oil stocks? Not yet, as 200-day MA proving strong resistance but KepCorp, SembMar and Ezra bears watching.
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