Replies to post #6245 on FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

*dipsey, Very good points, but even without this "noise" in the big oil companies today, there was no way that the XOI was going to confirm the fresh record high early this morning in crude oil...

[FinancialAdvisor]

*dipsey, thanks for the comments, but the tape can't be ignored, the down volume was tremendous today. And from a technical standpoint, today's record volume in CVX, albeit to the downside does not bode well for the bulls in AT LEAST the short-term!...

$50 = psychological support... will also see how CVX reacts to a potential 10/50 day SMA cross-over in the short-term...

CVX 1-year...



CVX all-time data (since 1970) - can it really maintain the parabolic curve much longer after today's action?...