Crocuses-Basic Materials {IYM

1. Golden Cross is more pronounced-Materials stocks have been doing better on a relative basis over the past 2 -3 months. Note that it also is bumping up against major resistance.

2. Trading range past 6 months. A break out here would be considered more bullish for these stocks.

3. Index and ETF is overbought.

*Long IYM in select client accounts.