Sector Exchange: Energy Hits New Highs

Published: May 19, 2008 | 10:58 AM

Energy continues to be one of the primary leaders hitting new highs last week. Drilling into the sector we discover oil services and natural gas are also hitting new highs and directing the momentum. This week on Sector Exchange Jim will address these sectors along with what is happening in the fixed income sector. Treasury bonds have broken down and he looks at alternatives in other bonds. While the broad market indexes are attempting to move higher there is some skepticism showing up in the technical data worth watching short term.