Gold is a commodity that continues to be in vogue whether in a bear or a bull market. There will always be ardent fanatics warning of the next financial calamity at which time gold will be the only currency. The other side argues that adherence to a gold standard is a relic of ancient times; after all, … Continue reading Gold
Day: February 9, 2017
Oil XOI, XOM
Lots of recent buzz surrounding a possible resurgence of oil and oil related investments. We are observing the weekly chart of XOI, the oil and gas ETF which gives us a top down view of the group. A preliminary look reveals that this market has turned from a bearish to a more sideways tone. While it's possible … Continue reading Oil XOI, XOM
Oclaro Inc OCLR
OCLR appears on our screens mainly due to the persistent accumulation shown by the SCTR rating. The measure has been stuck in the high 90's since last June with very few downticks. The chart had a tremendous rise last year, breaking out from just over 5 to hit a peak over 10. The 50 day moving … Continue reading Oclaro Inc OCLR
In order to have a look at which sectors of the market have been driving the overall US markets higher, here is a diagram showing the relative performance of select sectors over the past 200 days from the stockcharts.com people. This more clearly shows the outperformance by the financial, the technology and the industrial sectors … Continue reading What’s Moving?