Tuesday, November 07, 2006

HUI Chart + HAL + VGZ


Comments: The HUI continues climbing today, despite the ugly candlestick yesterday. Wonder how far this is going to keep on going, with Gold not moving up that much.






Comments: In energy, my pick HAL has been underperforming the OIH, especially today when it is down around 2% compared to the OIH whcihy is off by just 0.5% or so, and I wonder if it is because of the fact that it is possible that Democrats have a chance of winning the elections today. HAL is definitely one of the more political stocks out there. In fact, I think that must be the reason for the recent underperformance.

Comments: Some help is (hopefully) on the way in the form of a bullish wedge now forming in HAL on the 5 day chart.

Comments: VGZ is now trading below the neckline of a head & shoulders pattern after pricing its public offering considerably below the recent market price.

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