Sinking Crude

Sinking Crude

Crude($USO) is heading for its second straight weekly loss of over 6%, the two worst weeks of 2019.  The USO will also finish out this week below the declining 40 week moving average, the first weekly close below this MAV since March 15th.  Needless to say, overhead...
Hunting Haliburton

Hunting Haliburton

Is Haliburton putting in a major double bottom?  Just maybe.  The stock extended its drop from the April peak to a 25% sell off this week. This steep decline drove shares back down to the December 2018 lows.  Today HAL is rebounding.  Its up 3.8% at mid day and is a...
Sunday Morning Charts

Sunday Morning Charts

New all time highs: Ratio of stocks to commodities.  Something’s gotta give… Lowest level in nearly twenty years:  Ratio of Energy Sector to SP 500 Index.  Something’s gotta…
Select Energy(XLE) Update

Select Energy(XLE) Update

Time to be cautious on energy?  The XLE is bumping up against heavy resistance this week.  The 200 day moving average, which was supportive late last summer, is back in play.  This is the first test of the 200D since the Oct. 11th breakdown.  Will the 50 day moving...