I have created an indicator at the bottom of each chart that tells you when to have a long bias (Green) or short Bias (Red).  Please don’t trade on this as it is still in the early stages and I don’t want anyone to lose any money on my behalf, however here is the breakdown by Sector.  Just click on the thumbnail to see a full size chart:

The latest signals, by sector, were:

XLB – Mar 31 – Go Long

XLE – Mar 30 – Go Long

XLF – Mar 5 – Stay Long [From Long call on Feb 16]

XLI – Feb 26 – Go Long

XLK – Mar 26 – Go Short

XLP – Feb 23 – Go Long

XLV – Mar 24 – Go Short

XLY – Mar 8 Go Short

If so why are there so many questions, concerning the honesty of reporting on CNBC.  I think I might have figured it out.  They are not really lying, just like its parent company wasn’t blatently fixing its books.  They are just being creative with the truth, just like GE is creative in its accounting.

In a way its a bit like in an informercial.  You present data in a way that is good for the product you want to sell.   What does CNBC want to sell, you may ask?  They want to sell advertising to Financial Institutions.  They also do not want anyone questioning the solvency of GE.

So I ask again – is CNBC a news channel?  The answer is no, its an infomercial for financial stocks.