The Stock Market Is Back to the Top of the Charts

Repositioning still continues to happen away from big tech certainly the higher growth sort of high flyer names yeah I think so and I think you also have to focus on companies that are able to grow earnings a little bit. We see a rotation back to what worked last year at least for a point in time health care energy etc even staples for example high multiples but I think eventually people are going to want the safety of those sorts of stocks as the economy continues to slow. Let's turn to oil now crew price is jumping more than 8 percent this week their best week since october and the chart master sees even more upside on the horizon let's bring in Carter worth a worth charting Carter