Oil And Oil Services

As we begin this new calendar year, the markets continue to surge into new highs even as some fatigue seems to be settling in among some individual issues.  Plotting the performance of select sectors versus the benchmark S&P shows that many of the strong momentum groups remain strong and not exhibiting conspicuous weakness. Technology stocks … Continue reading Oil And Oil Services

TSLA…again

Tesla is a stock that best epitomizes the zeitgeist of the overall stock market for the past few months.  Despite a fair amount of skepticism, both Tesla and the general stock market continue to ratchet up. They have both surpassed inflection points briefly created by equivocating chart patterns.  We will discuss the nature of the overall markets … Continue reading TSLA…again

TSLA, MS, PHX Updates

Some further updates on recent commentaries.  We had observed that TSLA encountered significant resistance at the area of previous highs.  What was more compelling was the weekly candle that resulted from the price activity.  As we noted, it appeared to be a doji bar which indicates reluctance and indecision for prices to continue in the established direction.  … Continue reading TSLA, MS, PHX Updates