If you don't have the OIH up on your screens, you are seriously missing out what continues to "pump" the SPX on these spikes. Just an FYI.
XOM just rallied +$3.00 in the last 20 minutes. Oil stocks setting themselves up for a dramatic decline in inventories tomorrow morning when the IEA numbers come out.
could end up with a nice bullish engulfing candle today. once all the funds have dumped - waiting for a hard bounce in all the energy sector.
This index continues to ROCK!!! took out yesterday's lows at 150.00 and came back into the range for yet another huge run up to 155.76
Huge rally from double-bottom intra-day back up to 168.00 Incredible surge in the Oil Service and Energy complex.