Looks like Transports (TRX) and Oil Services (OSX) may break out above trendline resistance soon.
Transport - Air Freight
FDX - broke out Friday
EUSA - leader
ABF, CGO, CRCL are still basing
Transport - Airline
ALK, SKYW - broke out Friday above downtrends
AMR - bounced off uptrendline
DAL, LUV, U, UAL are still basing
Oil - Drillers
ATW - leader
SDC, UTI, NBR - broke out Friday above downtrends
RDC, NE, MRL - minor pullback after breakouts
DO - broke out of double bottom, laggard
ESV, FLC, GLM, RIG, PDE, PDS - testing downtrendlines
Oil - Services
BJS, HAL, KEG, NR, OII - broke out Friday above downtrends
BWG, CXIPY, DWSN, FGH, SCSWF, SLB, TDW - test of downtrends or tops
Also getting the same for composite of Integrated Oils |
