In order for the S&P to get out of this slump it will need help from the energy sector.
Looks like sellers are pricing in a rare possibility of an offshore drilling hault.
Doubt it happens, but nonetheless OIH and components are severely broken. OIH is now in the process of putting in a yearly cycle low. Once this selling pressure subsides, GET SOME.
I'd be very surprised if OIH went below $87.
Tuesday, June 1, 2010
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