The economical problems are not behind us
The index of the U.S. economic indicators fell 0.4% in November, the fifth time in seven months, indicating that the U.S. economy will continue to deteriorate in the coming months. The index of economic indicators, calculated by the Conference Board, is a measure of the direction the U.S. economy should follow within three to six months. The index fell 0.4% in November, after having fallen 0.9% in October, released today by the U.S., according to Bloomberg. This indicator confirms the forecasts of economists that the recession in the United States will be the largest since the Second World War with banks limiting credit, the value of shares and real estate will fall and unemployment will rise. The economical problems are not behind us like many people are saying, the worst may be in front of us.
Chart courtesy of www.stockcharts.com ( click to enlarge )OCR - Very bullish action on Omnicare this week. The stock firmed around 22-23 and then broke out with three days of high volume. Further strength above $26 opens the door to $28. The technical chart shows positive sign as the stock has just rose above the 200 day moving average. In addition with MACD above 0 we should see more upside from this stock. Put her on your radar.
Chart courtesy of www.stockcharts.com ( click to enlarge )RCL is starting to show signs of acumulation with high volume on upside days and low on dowside days. The technical chart shows the stock is in a short term bull market rally with MACD on top of signal line and K line on top of D line. The near-term outlook would depend on the price movement in the next few days. A close above $12.50 would impart bullishness and would help the stock move to the 14-16 area. A drop below 11.16 would have negative implications that would push the stock down to the 10-9.56 range. Royal Caribbean Cruises Ltd. operates in cruise vacation industry worldwide.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all Folks. See you tomorrow !!
AC
