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Forum - Wall Street Pit    Stock Due Diligence for All

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From: cube1984 (Rep: 3)Date: 02/19/2013 03:34
Forum: Wall Street Pit - Msg #2351766Thread #673502827 (Rec: 0)
Is ExxonMobile ($xom) the stock who will ignite a correction in this market?

I was scanning some US charts this night and I saw this nice bearish pattern on ExxonMobil all main US indexes are very overbought will $XOmM has already pulled back from his highs. This means we have some weakness in oil and gas plays.

Exxonmobile is the biggest stock out there so be aware when this starts to fall the major indexes will follow his path!

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