Oil Prices Fall, Tech Stocks Rise

Oil prices have fallen over $4 a barrel on news that China was raising gasoline prices by 17%. As a result oil stocks are taking it in the shorts today. Energy ETF XLE is down 1.85%. Broad indices are rising with the Nasdaq forming a bullish engulfing pattern and the Russell forming a piercing line.before the close. Coal stocks have pulled back from intra-day highs. CNX and MEE are forming a dark cloud cover. BTU has formed a spinning top. Tech stocks are rising... BRCM has formed a large white candle on a support bounce in a trading range. AAPL has reversed Wednesday's pullback. RIMM is extending its recent short-term rise.