Long Energy,Financials & Healthcare have been the focus all day.
ORH Patterns
APC,CVX,CXO,NFX,OKE,PSX,PXD,RRC,SWN,XEC
Of these RRC,XEC,PXD,NFX,CHK & COG have a reasonable RSI
The other names have been rallying for a few weeks and I would not chase these patterns at the top of a move with Rsi’s in the 80’s.
Financials … follow through from the ORH monthly pattern.
It looks to be a strong close.
I view today just as I do a normal Wednesday.
Do not chase closing direction with high Rsi’s.
Tonight I will be attempting to send DMI via mail chimp
The subscription list has been updated and dropped into a new data base.
If you’re a paid up subscriber and I’ve neglected to properly port over your address, my apologies.
Let me know tonight if you’ve been neglected.
Thanks in advance for your patience.
Judd