Dec
17

China and Gold

fxi_002

China (FXI) below its 50 and 89 day SMAs. First time since March.

gld

Gold (GLD) trading below its 50-day SMA.

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  • XOM , yesterday RSI 29, rare that a stock is up the next day, off of RSI 29, XOM up +0.28
  • XOM just seems like a good long term buy here. I'd be surprised to see it go below the March lows at $60 meaning the downside should be limited. Meanwhile, you have upside potential and can pick up a dividend. At a time when I'm not excited about being long the market generally, it seems like a decent pick.
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