CL Update

CL Update

CL is setting up well for a fresh rally leg.  Pierced key overhead trendline(links Sept/Dec highs) in late January. Very solid support underneath($63-$64).  Heading for second straight weekly close above the 200 day moving average.  Would be first time since January...
Staples Sinking

Staples Sinking

The staples sector had a particularly rough week.  The XLP(SPDRs Select Sector Consumer Staples ETF)finished the week at new 2018 lows.  This was also the second weekly close below the 2017 lows in the last five weeks.  Quite a reversal for and index that in late...