Monday, August 30, 2010

USO (Daily) Nice Bounce Off The Median Line

Bear Hat
  • Got A Very Nice Bounce
  • Break Below Median Line = Trouble For Oil
  • Oil Goes Down SP-500 Will Be Right There Too

XHB (Daily) Still In The Dog House

Bear Hat

  • XHB Needs To Close Above  14.70 To Give The Bulls Hope
  • Break Below 13.50 Would Be Very Bearish