Posts Tagged ‘OIH’

• The Equity Rally End Game, Demand Destruction
  Posted by Leigh Drogen on April 6th, 2010 at 8:50 pm, Comments: 0

  I want to take a moment tonight to take a broader view of the market and ask, what would end this trend in equity appreciation.  My thesis continues to be that demand destruction caused by a surge in crude and other materials eventually puts the pinch on the consumer and topples the retail names.  Before [...]

• Wait For Consolidation
  Posted by Leigh Drogen on February 23rd, 2010 at 9:27 am, Comments: 0

  Get out your pens and pencils because I’m moving quickly this morning through a bunch of names.  The market is still overbought short term and needs time to rest.  Crude also needs to pull back, those stochastics are reading above 99.  I think materials take show some relative weakness over the next few days and [...]

• The Nothing Day
  Posted by Leigh Drogen on November 17th, 2009 at 6:22 pm, Comments: 0

  Today was a nothing day, anything that happened you should pretty much throw out the window and forget, no one was trading.  We are still trapped under the upper trend channel on the $SPY after breaking out of the bull flag put in last week.  Negative divergences are forming on the hourly chart which should [...]

• Crude Realities
  Posted by Leigh Drogen on October 12th, 2009 at 2:19 pm, Comments: 0

  I’m long crude oil this morning via $USO at 37.82 and will add a second lot at 38.38. I want to take a few moments this afternoon to focus on the energy complex as a whole, as these are important levels. $USO broke through the upper 20 day donchian channel today giving me a buy [...]