Monday brings us another quick update of the "Indicators the Disciplined Investor is Watching" from Andrew Horowitz.

The February 8th update is entitled, "Oil Appears Oversold... For Now [1]" and includes a quick overview of key index charts to watch.

[2]

The above charts are a sample of the report, and clicking the image will link you to today's post.

Today, Andrew discusses the sell-off and Friday bounce of crude oil while viewing volume and other internal indicators.

In the volume chart, Andrew writes:

"The Low-Volume Rallies and High-Volume Sell-offs are a sign of Institutional Distribution."

He also notes the New Lows (difference) forming in the $NAHL NASDAQ market indicator.

These are always helpful ways to start off your week with a quick glance at a few key charts.

Corey Rosenbloom, CMT
Afraid to Trade.com [3]

Follow Corey on Twitter:  http://twitter.com/afraidtotrade [4]