Energy Stocks Can Lead the Market Higher

10/16/2009 10:04 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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The OBV analysis last week to the an upside breakout and Dec crude oil closed above key resistance yesterday. The S&P Energy Sector has just completed a major bottom as it is above 10 month resistance. Energy stocks may now lead the market higher with the 50% resistance about 10% above current levels.

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