XLE fell, today and I know why.....And solar did too...What's the connection?
“World wide oil glut” Opec’s Thursday words, not mine, = oil price “recession” 
XLE and ($H S I ) Always play a key role in the next day direction of Solar stocks..
Connectivity might be harder to explain than I thought.
Let me skip ahead to next Tuesday…If XLE starts out Gapped down even 20 cents, XLE is going down hard, that day. And XLE will take Solar / OIH with it.
2 comments:
SO, buddy, you think ICE is a buy?
I was looking forward to buy today but was a little disappointed by action in brokerages and lack of leadership from technology.
gosu
NYX Technical 95 – 18% = 78 = 200 day
Nyx 109 – 25% = 81 Today’s close 81.9
ICE 167 – 25% = 125 Today’s close 126.3
ICE can still drop to $123….2x bottom (Jan.)
Look at NYX , can still drop to 78,
good side, I’m within my 3%….and ICE short term target is (GAP at $157 signal…)
down side NYX goes below 78 = 200 day and drags ICE with it….
OUCH…In that case,
I’ll go with Beannie…. ICE down 28% thru 45% = $91 thru $123….
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