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Daily Archives: December 30th, 2007

Market Forecast for Week of 12/31 (Part II): Sector Watch

OIH (oil services)

OIH is looking very healthy to me as it is climbing its daily upper BB higher, and, it has just started a new bullish formation with 10- above 20- above the 30-day MA. DO has been making new ATHs, jumping from $125 to $150 in 6 trading days! SLB seems to […]

Market Forecast for Week of 12/31 (Part I): SPX, Nasdaq

This week has gone by fast with Christmas being a holiday. Year 2007 is also quickly coming to an end. Hope you’ve all had a great weekend!
Last weekend, I said, “The market is looking much more healthier!! For the new week, the market is in a good position to go higher. […]