Friday, June 11, 2010

Smart Scan Chart Analysis For USO

Where is USO headed? Smart Scan Chart Analysis is showing an uptrend with some near term weakness. However, this market remains in the confines of a longer term uptrend. Trade the uptrend with tight money management stops. Based on a pre-defined weighted trend formula for chart analysis, USO scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

+10......Last Hour Close Above 5 Hour Moving Average
+15......New 3 Day High on Thursday
+20......Last Price Above 20 Day Moving Average
+25......New 3 Week High, Week Ending June 12th
-30......New 3 Month Low in May

+70......Total Score

Here is a preview of our MarketClub Trade Triangle Chart Analysis and Smart Scan technology


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