Healthcare Facilities FTW

Just as I wrote last night, energy stocks are looking strong.  It seems to me that we are in the early stages of fund managers allocating capital into the energy and industrial/material complex. I am stalking those sectors and looking for leaders. If my thesis holds true, then the leading stocks in those sectors will be extremely profitable.

So far today, I have taken profits from my purchase last week by selling out of $VLTR . It may turn out that I sold out of that one too early, but the chart looks to have gone parabolic on a short term basis.  So, I can take my money off of the table and live with whatever happens. The only purchase I have done was to buy $HMA. Along with me holding $PSYS, I am betting that healthcare facilities continue to act strongly on the back of the healthcare bill. Regardless of your political views on the bill, or should I say the new law, you might as well figure out a way to profit from it.   Here is an updated chart showing my reason for buying.

The stock needs to get over $9 to break out of the bull flag, and it appears on the verge of doing just that imminently. Note also that these firms have been heavily rumored as takeover candidates, which is a pleasant bonus to owning them.

For the remainder of the session, I will probably not buy or sell anything.  The action is decent today, as we are in the green.  However, I would like to see more volume and overall vigor before going all-in.