XLF (financials)
XLF still doesn’t look too healthy, although it closed above the support at $30 last week. It is still under the 10-day MA. Its daily MAs are still in a bearish formation, but, the MACD is trying to establish a bottom. GS and MA have been pretty strong; so, we’ll keep an eye on their movements for additional indications.
USO (oil)
USO‘s chart is looking strong again. It closed last week above its daily MAs, and the daily MAs are in a bullish formation. The MACD is about to turn up. USO itself could be a good play. I also like how UPL is looking.
OIH (oil service)
If USO goes higher, we might want to keep an eye on OIH also. OIH seems to be establishing a support at $180. RIG, DO, and NOV are among some of the favorites.
BTK (biotechs)
BTK‘s chart is looking very interesting. It is establishing a bottom at 800. It closed above the 10-day MA this week, which is starting to make its daily MAs turn. AMGN, DNA, ONXX (has been very strong), CEPH, UTHR (recently traded at $110, which we profitted greatly from 
), IMCL, and OSIP are some of the popular plays.
Hope you’re enjoying your weekend!
HappyTrading! ™
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