Here are some of the most noteworthy new highs and lows across the markets for Friday, March 6, 2020.
Tagged $^OSX
PREMIUM ChOTD-4/28/17: Oil Service Sector Breaking Down?
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Oil Service Stocks Climb Over Key Resistance
An index of oil service stocks broke above a trendline that has held it down for the past 2 years. Most areas of the stock…
Big Test For Oil Stock Rally
Oil stocks are at a seemingly “must-hold” level within their long-term reversal attempt. If there is one sector that best symbolizes the prospects of the post-February…
Energy Stocks Flowing Up Wall Of Worry?
Despite sharp bounce, energy funds have not yet attracted heavy inflows. Much of the market debate currently is centered around the question of whether the…
Oil Services Sector Again Testing Key Support (& Fate?)
Back on March 19, we noted that the key Oil Services Index (OSX) was testing an important line of support. Specifically, it was the 61.8%…
Oil Services Sector Reaches Resistance Magnet On March 19, as the oil complex was attempting to hammer out a low, we posted a chart on…
A Glimmer of Hope for Oil Bulls
On March 13, we posted a piece on the divergence between the Euro and the Euro Volatility Index (EVZ). The EVZ (like most volatility indexes)…
World’s 2nd Largest Stock Testing Historic Trendline
We don’t often discuss individual stocks, either in our practice or in these pages. So when we dedicate our Chart Of The Day to a…
Oil Services Sector Treading Major Support Level After being bludgeoned in the back half of 2014 (to the tune of -35%) along with all oil-related…