Hi, The list at the end of the message shows various sector indices I have been using to gauge the general trend and the health of the broader US equity market (using technical analysis). I am not sure whether they are appropriate and whether they cover all the important sub-sectors of the economy. 1. Could you please suggest any changes to the list? 2. What is the better tool to track these sub sectors of the economy, indices or ETFs based on the indices? Thanks, MG. ----------- List ------------------------------- Amex Airline index NASDAQ Transportation Index Philadelphia Bank Index Amex Broker dealer Index NASDAQ Insurance Index Dow Jones US Chemical Index Morgan Stanley Commodity Related Equity Index AMEX Natural Gas Index Amex Oil Index Philadelphia Oil Services Index Amex Computer Technology Index Amex Disk Drive Index Amex Computer Hardware Index Interactive week Internet Index Philadelphia Semiconductor Index Amex North American Telecom Index S&P Healthcare index Amex Pharmaceutical Index Morgan Stanely Health Care Product Index Morgan Stanely Health Care provider index Amex Biotechnology Index Dow Jones US Paper Index Dow Jones REIT Index S&P Retail Index Philadelphia utility Index
1) What you have is sufficient. 2) You could get rid of all of those and just focus on the S&P-500 and not get hung up on sectors. You won't have to waste your time waiting for everything to "line up at the same time" as a means of signal confirmation.