Que, it's true that HAL and RIG are getting top heavy, but they can stay top heavy for awhile too if the fundamentals support it.
When a stock gets into overbought territory, it takes a catalyst to keep it there. High oil prices (over $28 per barrel) can support a higher trend.
Oil prices are the key. So far oil is up in after-hours and natural gas is down. It appears from the charts that the XNG will be the first to go.
The XNG just flashed what is called a "Gravestone Doji."
This is not good. It indicates the trend is about to change. Without a catalyst, higher prices, upgrades, anything, then the XNG could very well be in trouble.
stockcharts.com[l,a]declyymy[pb50!b200!d20,2][vc60][iLb14!Lk14!Ll14!Lc20!Lh14,3]
The OSX still looks to be in a bullish trend.
stockcharts.com[l,a]declyymy[pb50!b200!d20,2][vc60][iLb14!Lk14!Ll14!Lc20!Lh14,3]
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