OIL… the macro buy stops are over 58.63
USO…breaks out on a close over 20.25.
XLE & DIG both look to rally to test their 200DMA’s.
CVX…as long as 109 holds I’m looking for 115.
XOM…is attempting a Cloud breakout over 88.
This leg up in oil should eventually close in on the Thanksgiving OPEC breakdown level
just shy of $69/bbl.
Banks…it’s not often I like what the CNBC crowd has to say, however HSBC looks good.
KITE…is putting in an ORH pattern after a 20% break. Resistance is @ 61.50.
IBM…has had a big rally to it’s 200 DMA @ 171. It’s up into the gap from the Oct breakdown. This is an exit zone for Longs the first time up, not a place to initiate a new long.