The holiday break has ended

The holiday break has ended and the week will end soon, too. In that small window we have found some holiday cheer leftovers. Be sure to request instant chart analysis in this thread.

VAPE — Reacting down from the open”s test of $1, almost a 61.8% retracement of the prior downleg. Closing back under .835 would signal that this bounce had likely ended, at least to test .72-.76. Remember, this is still an ongoing series of lower highs and lower lows, so the trend hasn”t yet reversed up.

INSY — Having held its opening surge to 44.42 resistance Tuesday, and then closing under 42.25, the pattern can”t be bought into weakness which might extend. Only a high-volume surge would be credible at this point for resuming the rally.

Crude Oil — Yet another early probe of resistance has been retraced back to its origin. Be very cautious if holding energy stocks today, because repeatedly failing to gain traction on these false starts can suddenly turn the bottoming pattern into a big trap door.

Energy stock — Widespread firming does undermine Crude Oil suddenly launching a new downleg. And this is while Natural Gas extends its downtrend to fresh lows. It”s still premature, but exiting the weekend with Crude Oil rallying would be the chance for energy stocks to bottom.

CDE — Rallied last week a couple of times while the underlying metal was deteriorating. That relative outperformance is now being reinforced by Silver actually rallying strongly overnight.