Stocks to watch

Here are some decent stocks worth taking note of since the market started falling this week. A lot of over-bought stocks have fallen below their 10-week moving average lines and might be decent buys depending how the markets react to the bedlam in the Middle East.

Oil is generally conversely related to stock prices so when oil rises stocks usually fall (S&P, NASDAQ, and NYSE). The current over-supply of mid-East crude will get sucked up in a few months and oil prices will rise accordingly based on simple demand/supply.

When the supply dwindles due to crises or OPEC not increasing supply (or both) then the prices will go up and eventually OPEC will start producing more because over $100 oil makes them lots of money. In turn the higher prices not only affect pump prices but food prices and transportation prices. These price hikes affect many other production costs including energy production costs. The costs of all these price hikes are then passed on to you and me as consumers through higher prices at the pump and on the store shelves.