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
XOM
That Was Then, This Is Now Part 2
We continue with our Dow recap. XOM Forecast: "...$90.26 When viewed in the context of a longer term monthly chart, XOM is dead neutral essentially trading in a broad range for years. The SCTR reading is 43 which is just middling but XOM does perform a bit better than the S&P benchmark. There is a breakout … Continue reading That Was Then, This Is Now Part 2
XOM update
A few weeks back, we made a case that Exxon Mobil was perched at the crossroads of a very interesting technical position. Since then, the stock has both pierced slightly below the 81 area and also bounced up to over 84, only to settle back to the 81 area today. While we would have been … Continue reading XOM update
Exxon Mobil XOM
In January of 2016, just over a year ago, stock markets were in the throes of a pretty vicious mini bear market, or at least a very scary correction. Only one year later, we are now basking in the opposite environment wherein the popular stock indices appear to effortlessly make new highs every day with the buoyant tide lifting all boats. … Continue reading Exxon Mobil XOM
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
TC-TECHNICALS 