Both oil and financials have had weak charts lately.
Oil's been trending down, If it can break the lower support line
on the 60 minute, that could give some short momentum to either the
USO or the oil stocks, oil service stocks.
It doesn't look like this is the last place for debt to blow up,
and the large banks seem to be sitting in the centre of the problem
arena. The financials have shown weak charts so this trend may also
continue.
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Thanks Matt--If this is the
Any thoughts on if one should take profits right at ...
Posted by sharonrose on 26th of Nov 2009 at 11:21 pm
Thanks Matt--If this is the start of a intermediate correction there should be time to get short here, right?
Maybe you could give us some support levels to watch for. Also if the selling is orderly or impulsive.
Any short trade idea's if this get's impulsive?
Chri
Title: Canadian Sectors response to
Posted by schnellinvestor on 27th of Nov 2009 at 12:37 am
If your looking for ideas, Canada was open today.
Both oil and financials have had weak charts lately.
Oil's been trending down, If it can break the lower support line on the 60 minute, that could give some short momentum to either the USO or the oil stocks, oil service stocks.
It doesn't look like this is the last place for debt to blow up, and the large banks seem to be sitting in the centre of the problem arena. The financials have shown weak charts so this trend may also continue.