Posts Tagged ‘ OIH ’

The Equity Rally End Game, Demand Destruction

I want to take a moment tonight to take a broader view of the market and ask, what would end this trend in equity appreciation.  My thesis continues to be that demand destruction caused by a surge in crude and other materials eventually puts the pinch on the consumer and topples the retail names.  Before [ READ MORE ]

Wait For Consolidation

Get out your pens and pencils because I’m moving quickly this morning through a bunch of names.  The market is still overbought short term and needs time to rest.  Crude also needs to pull back, those stochastics are reading above 99.  I think materials take show some relative weakness over the next few days and [ READ MORE ]

The Nothing Day

Today was a nothing day, anything that happened you should pretty much throw out the window and forget, no one was trading.  We are still trapped under the upper trend channel on the $SPY after breaking out of the bull flag put in last week.  Negative divergences are forming on the hourly chart which should [ READ MORE ]

Crude Realities

I’m long crude oil this morning via $USO at 37.82 and will add a second lot at 38.38. I want to take a few moments this afternoon to focus on the energy complex as a whole, as these are important levels. $USO broke through the upper 20 day donchian channel today giving me a buy [ READ MORE ]

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