oil/coal stocks are finally breaking down to confirm the huge negative divergences on their charts.
If fed raises rates and dollar keeps going up and oil and gold keep going down, airliners could pop hard. will watch transports for a rally.
UPS FDX CAL DAL
and gold stocks could get hit hard again.
AU, NEM, AEM, ABX
ACE almost has filled the gap at 52.50 could be a good short at gap resistance.
GOOD SHORTS:
XOM
V
CLX
CXO
PBR
NEM
BHP
FDG
ANR
ACI
FCL
KOL
MT
RIO
TS
AKS
SID
Monday, August 4, 2008
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