Tweet To follow up with another look at oil from yesterday here we have a weekly chart which shows a triangle formation that can often lead to a bottom pattern. The RSI remains quite strong here and has been moving up while oil remains sideways to down, thus a divergence. The RSI indicator has formed […]

Tweet Additions: ACC KMX LDR FTI GPRO GOOG HXL HMC ID MWV SBAC SYK Observations: I’m going to put aside what I think should happen (Dow 4500) and trade with what is going on in the market. Here’s what we know. The market had every reason to collapse and take out the 08′ lows and […]

28
Jan
stored in: Uncategorized and tagged:

Tweet It never fails that everytime a Fed meeting rolls around the charts are at some type of important crossroads. The Vix has been dropping everyday since the 20th, and everytime it rises up to it’s trio of moving averages (10,20,50) it gets rejected. The Dow has been bouncing around, slowly grinding higher since then […]

28
Jan
stored in: Sector review and tagged: , , ,

Tweet Image via Wikipedia Current events form future trends. Looks like there will be an opportunity for investment here. Keep your eye on those water stocks like WTR, MWA, FLO, and Powershares PIO and PHO. In case the image below doesn’t load here is link to the complete article. clipped from mrbarlow.wordpress.com There are concerns that […]