These are absolutely fabulous charts and sheets, and my congrats to the creator. It's obvious that people and institutions took profits where profits were available. Running scared, it looks. When that high % of 20 over 50 dma's vanish in a month, money is running to safe havens.
I doubt if July will see the money turn much, especially with tension in Israel and Iran, strike threats in Brazil, and gasoline prices that have no business dropping. To those idiots saying oil will drop - that's total garbage. It will fluctuate, but with hurricane season on us, it's not going to drop much.
And big oil is making sure the green companies don't accomplish much, as people as seeing now that solar companies can't justify their valuations. Duh.
I feel July could improve some, and there are some stocks that will shine - nat gas, oil, energy, coal.. Maybe some safe havens like PG, and GE (if it can release some good news). Utilities will just sit stagnant I think.
I know someone's always looking for an article idea, so here's one. Find out what on earth the energy stock WES is all about? All insider buying, no selling, Andarko buying. Analysts now making recommendations of buy, on a stock with no news. No news ever. Mysterious indeed. $17/share.
The Saudi boost has already been shown by many to be a drop in the bucket. China keeps demanding more anyway. Also, this author thinks that oil just pops out of the sea. It's years before drilling off of Florida would have a result. And has he missed the problems in Nigeria lately? The unrest with the 'Iran attack' practice? I think this author is short oil stocks, and is trying to drive them lower. These claims are poorly presented, and poorly researched. Shame on seekingalpha for printing it.
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I doubt if July will see the money turn much, especially with tension in Israel and Iran, strike threats in Brazil, and gasoline prices that have no business dropping. To those idiots saying oil will drop - that's total garbage. It will fluctuate, but with hurricane season on us, it's not going to drop much.
And big oil is making sure the green companies don't accomplish much, as people as seeing now that solar companies can't justify their valuations. Duh.
I feel July could improve some, and there are some stocks that will shine - nat gas, oil, energy, coal.. Maybe some safe havens like PG, and GE (if it can release some good news). Utilities will just sit stagnant I think.
These charts tell a lot, you just have to look.
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