market holding up

[candlestick1]

The market is holding up well even with crude oil up another 86 cents. The market staying strong into the oil prices moving up is probably the foretelling that the oil prices may not hold up, that a severe drop coul;d be coming once the supply reports gets back to normal after the hurricanes. When that happens, and the supply is still being cranked out, the prices may over react to the downside.

This could produce some big upmoves in stocks.

Nothing solid, just a speculation

[FrankC]

With Oil Futures closed above $52, a record high, could this mean if there is a sever drop in Oil prices, US$ will also take a big dive, or vice versa?

[candlestick1]

which would add to overseas sales

[Ron]

Thanks for the insight. When that happens will oil stocks go down?

[candlestick1]

That is what the signals will tell you, weak oil prices, watch what the signals do at the same time.