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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 677.58

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Jan 20 4:00 PM EST

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To: E_K_S who wrote (47922)	5/16/2012 8:19:45 PM
From: Johnny Canuck	Read Replies (1) of 69917

I would listen to "Market Call" tonight on bnn.ca I can't link directly to it till next week due to the delay in updating their website. Eric Nutall usually given a frank explanation of his take on the oil and gas market. He is not always right but he explains why he believes what he does. Part 1 has his overall view of the sector which is for $90 oil as a bottom. He sees a sell Canada trend as people exit the resource sector altogether as they see a slow down in Europe and China. Part 3 has his opinion on the oil service stocks. He is looking at a 10 to 20% price contraction overall in pricing and even higher on fracing service companies.

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