by Chris Kimble | Apr 12, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE Crude oil has formed a multi-year pennant pattern and Energy ETF (XLE) is up against resistance. Traders now have positions established that more often than not have seen Crude and XLE fall in price. CLICK ON CHART TO ENLARGE The Power...
by Chris Kimble | Jun 11, 2012 | Kimble Charting
Does it seem odd that a rally in Crude oil could be good for the economy? Would a rally in Crude Oil at this point cause the S&P 500 to push higher in price? Crude Oil and the S&P 500 have a fairly high correlation the past few years. (see 500/Crude Oil...
by Chris Kimble | Nov 17, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE Oil stocks have not followed the recent rally in Crude Oil! If Crude turns south up here against resistance, Oil stocks could get fall very hard!!!
by Chris Kimble | Oct 31, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE The Dollar decline/Euro rally of late has helped push Crude Oil and Oil stocks up against what could be very important resistance. Due to the situation in the Euro right now, this resistance should be respected more than normal!...
by Chris Kimble | Mar 11, 2011 | Kimble Charting
On 2/24 I mentioned that rear view mirror investing was rather easy, seeing around the corner/what lies ahead, is a little tougher. Yet if we can find tools to help us with the direction of future price movements, it can be very beneficial to our portfolios. I...
by Chris Kimble | Feb 2, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE Game Plan…am currently overweight the energy complex, long OIH and XLE. Keep a 4% stop on these positions. As relative strength continues (see post here) If the dollar should bounce off of support, I will lower this stop or...
by Chris Kimble | Jan 31, 2011 | Kimble Charting
Charts suggested to buy Oil Drillers ETF (OIH) last week (see post here) . In the chart below, Drillers (OIH) and Oil Stock ETF (XLE) have both broken channel resistance of late and are attempting to reach the next level of channel resistance. CLICK ON...
by Chris Kimble | Nov 16, 2010 | Kimble Charting
CLICK ON CHART TO ENLARGE Anyone notice what the “Patterns have been suggesting we should do” of late? Below is a small summary of suggestions from last week…. Widest Spread between the Nasdaq 100 and the VXN in almost 10 years, with the NDX at...
