chris_b

Short Week Was Plenty Painful

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.

These charts tell a lot, you just have to look.