Trader's Logbook

Last time we looked at EEI was around September of last year and we commented that it is trending upward. It still is although what we are seeing recently is a sideways movement. I think the recent movement is a good one for RSI to drop because it has been in the overbought level for [...]

EEI has been trending upward in general for a few days now but looks like at this point it will be tested as to how bullish the bulls or how bearish the bears are. Our candlestick for today depicts the indecision mode of both players. A Doji at the top of the uptrend means a [...]