Are nosotros inwards the midst of an ongoing bull market? Are nosotros getting arrive at for a double dip into economical (and market) weakness?
I'm watching 3 instruments inwards trading ranges for possible clues to an answer: stone oil (USO; bottom chart); homebuilders (XHB; middle chart); too fiscal stocks (XLF; function yesteryear chart).
We should run into describe inwards these 3 if economical describe takes concord too if nosotros run into continued recovery alongside 2 of the hardest hitting sectors: banks too existent estate.
Conversely, if the global economic scheme is threatened, we'd facial expression to run into weakness inwards stone oil need too possible continued pressure level on those vulnerable sectors of the economy.
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