HALiburton is at the top of my radar this Christmas season. As the OIL services go, so goes the markets IMO. This ABCD set up for HAL coincides with the year end this year. So IMO, no year end rally this year, in fact could be the worst year end slump in a while. Just ignoring all the other noise, following the big oil money here.
Komen
adammska
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I see an obvious flaw with this theory. HAL price correlates with oil. But previous major declines in oil were cyclical (global recession, eurozone panic). This one looks like structural (oversupply of oil).
No reason for SPY to follow HAL this time.
claydoctor
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Well, I would agree but... Japan sudden recession worries, avoided momentarily by Abe's trillion cash stimulus (yet another financial stimulus tat does not benefit the economy , only the inflated markets), and Eurzone trying to avoid another dip, but all attempts are failing... so it's really both supply, and anticipated demand, why refine it if no one is going to use it.
No reason for SPY to follow HAL this time.