Halliburton Option Players Are Expecting A Rebound

Halliburton Option Players Are Expecting A Rebound

Shares of Halliburton began a steep decline in late May.  After a damaging breakdown on the 25th the stock had left behind layers of supply and was entering a fresh down leg.  One week ago HAL blew through major support near its 200 day moving average.  This key long...
Crude Crushed

Crude Crushed

Crude(USO/United States Oil Fund)is ending the week with a ugly breakdown.  The index has been under pressure since reaching new 2018 highs early Tuesday.  The downside reversal since has driven the index well below initial support near the April high.  The rising...
Crude Reaches New Highs

Crude Reaches New Highs

Crude(USO)moved into new 52 week high territory today with the help of a 1.5% gain on above average trade.  This breakout type move drove the Index past heavy resistance near the $13.30 area.  It sure looks headed higher: Here’s a longer term view of the...