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In my weekly video recap, I mentioned the XLE, ETF for the energy stocks, as being a chart not extended despite the recent rally. In addition, the oil service stocks in the OIH largely fit that description as well. If this broad market uptrend is legitimate, I expect this consolidation/pullback to be largely contained to, on average, not much more than 3% off the highs. If that is the case, then we should see healthy action underneath the surface.
With most earnings out of the way, I am looking at the following charts next week.
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Like that ATW look. I lawys do engine tune ups without my shoes too!