Replies to post #532 on SyndicateTwo's Stock Board

[SyndicateTwo]

I don't think you can really compare HAL to XOM because HAL is more of an engineering firm specializing in just doing the grunt work while XOM is a full service bread and butter oil firm.

I think HAL broke out on the OIH breakout, but that trade could be doomed if rate cuts are done.

I'm really struggling with the S&P looking at that chart. Election years typically see an 8% gain for the S&P and that would kind of go against that chart setup. But then again, it is a weekly chart and the market could ramp up here then fall back hard after the election.


All I know is that the most likely scenario is that the market has some major downside in the future, whether that be this year or next.