Chemical Sector is rising...

The S&P 500 Chemical Sector has brokern through resistance levels as of lately and is headed to new levels. As we can see from the chart above, the industry has broken out of its consolidation and is headed higher. Some names to look out for would be:

DD - DuPont El de Nemours
DOW - Dow Chemical Co.
PPG - PPG Industries Inc.
Ash - Ashland Inc.
EMN - Eastman Chemical Co.
EC - Englehard Corp.
HPC - Hercules Inc.

Also, we have seen a significant rise in commodities (see my forecast on the price of gold from past posts) which can affect the Feds judgement on inflation in their next meeting. While there has been some research pointing that the amount of money spent on natrual resources has decreased gradually per household, I still believe that this current spate of oil price upon the consumer will tend to spill over into consumer spending going forward.  ¶ 1:20:00 PM