Halliburton (NYSE:HAL) frustrated us last week as it rallied cleanly to test the forcasted profit area…BUT failed to dip down into the green zone to provide a qualified entry. Now, it has turned lower and is offering the possibility of a “second chance entry”.

(EUR/USD) is working through a wave of short term bullish energy. This is in conflict with the deep time-frame bearish energy that continues to build. We are waiting until we can get a reading with price within the ivory zone as indicated on the chart. Intra-day traders might want to stalk the long side as…

Helmerich & Payne, Inc. (HP) missed us as price never dipped down into the green zone to trigger entry. We see a second chance entry possible in this stock, but will have to let a week pass and get some more timely readings before turning the likely reversal zone shown here in ivory into an…

The S&P 500 index proxy (SPY) is still showing bullish energy that keeps our forecast stable…We are looking for a move back up into the ivory area, then a lower high and a breakdown to new lows.

The Gold ETF Proxy GLD has followed through to the upside as forecast. We are forecasting a breakout above the 8/24/15 highs. There is an area of resistance highlighted with an ivory box on the chart which could cause a moderate reversal, so we will wait until that area is tested to provide a better…

Helmerich & Payne, Inc. (HP) is a contract drilling company operating in South America, the Middle East, and Africa. This stock has been brutalized in recent years and has been showing signs of capitulation. We are forecasting that this move up will accelerate, and should produce nicely for us in the weeks to come.

The United States Oil ETF (USO:NYSEArca) is a proxy for the spot price of West Texas Intermediate (WTI) light, sweet crude oil. Oil prices have been hammered recently, and are showing signs of reversal. We don’t have a specific trade opportunity at this time, but we wanted to initiate coverage of this all important commodity…

Norfolk Southern (NSC:NYSE) ran nicely along the rails to its profit objective this week. We will assume that all profits have been taken, and will continue to monitor this stock for future opportunities.