A.) Since late December there have been 4 gaps higher in the oil market.
B.) The EMA picture is turning decidedly bullish: the 10, 20 and 50 day EMA are moving higher, the 10 day EMA has crossed over the 20, 50 and 200 day EMA, the 20 day EMA has crossed over the 50 day EMA and the 10, 20 and 50 day EMA are moving higher.
C.) Volume has been increasing for the last week+.
The 10 day chart shows some more detail
A.) Prices have gapped higher three times in the last 10 days.
B.) After gapping higher, prices consolidated in an 80 cents range.
C.) After gapping higher prices again consolidated in a narrow (60 cents) range.
A.) Momentum is increasing as is
B.) The A/D line.
1 comment:
Bonddad,
Yours is a voice I respect when it comes to financial analysis...so I was wondering what your take was on the "Move Your Money" campaign HuffPo is currently pushing.
http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html
What kind of effects could you see something like that having, if successful? Do you think it even could be successful? Pros and Cons?
I haven't seen the other liberal blogs discuss the idea much in detail, which is surprising since I swear I've seen many on the progressive side argue for local banks/CUs before.
Thoughts?
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