After watching various sectors endure some  prolonged sell-offs, we've been able to buy near the lows and make some decent gains %-Wise.  This does raise a few questions.  Are these THE lows?  Are these sectors  just bouncing from oversold conditions, only to continue lower later with a double bottom or even making lower lows?  Lets start off by looking at some "lows"

 This is our current chart of OIL


You see definite signs of improvement in this bounce, but I wanted to point something else out just to keep us alert...

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FRIDAY – We Have Another Sign

 The Thursday report covered so much and the weekend report will wrap up the weeks activities, so I dont always feel the need to write a report on Friday.  There are actually a few things of interest to note since yesterday however, so I wanted to cover those before the weekend.  I'm going to start with...

OIL -  As expected, A productive & Trade-able bottom for now. More on OIL in this weekends report.


Moving to the markets ...

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Did You See It? Traders To Your Stations

Did you see what I saw yesterday?  I had mentioned in the weekend and daily reports  what I was looking for,  and by the end of the day I was fairly certain that we got what I was looking for . First lets review the markets and then discuss other sectors.

Again, I had been shorting the Nasdaq at prior highs using TZA, but I stopped last week and pointed out why last wkend...


What do I see now in the NASDAQ, SPX, and DJIA?...

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