The oil ETN (NYSE:OIL) is showing signs of capitulation, and is beginning the confirmation process. We will hope to be able to upgrade to a green “buy zone” if confirmation of a bottom can form in the next week or two.

  Cabot Oil and Gas (NYSE:COG) is another energy stock that has beaten up badly and is showing signs of reversal. We expect to see a small counter trend move that will deliver prices below the $18 per share area, then a push back up to retest its recent highs.

  The S&P 500 index proxy (SPY) has bottomed within the ivory zone as forecast. Now we expect to see rally up into the ivory zone we have drawn to the upside. Our hope is that this test will bring out enough beans to allow us to upgrade it to a red zone and begin…

  Alphabet, the company formerly known as Google (NASDAQ:GOOG) is a “hedge fund hotel” which is starting to enter a bear market. Having used the uptrend in 2015 to “save” under-performing funds, now managers are likely to de-leverage and start to diversify out of these shares. While not a primary risk for us as there…