Imagine you have a toy car and it is moving forward. The toy car has a small sticker on it that shows how fast it is going. This sticker is called a moving average. When the toy car is moving forward, you can see if it is going faster or slower by comparing the sticker on the toy car with another sticker that is moving backward. This backward moving sticker is called a long-term moving average.

When the toy car's sticker (the short-term moving average) crosses below the backward moving sticker (the long-term moving average), it means the toy car is going slower. This is called a "death cross". It is a sign that the toy car might not do well in the future.

In the article, the toy car is a company called Occidental Petroleum. The death cross means that the company might not do well in the future. However, when the company announces its earnings (how much money it made in the last three months), it could change the outlook for the company. Read from source...

- He criticizes the story for having a bearish tone, implying that he prefers a more neutral or bullish outlook.
- He points out that the story is based on technical indicators, which are not always accurate or reliable, especially in the short term.
- He argues that the death cross is not a […]

Bearish
Article's Main Subject: Occidental Petroleum's stock and its bearish technical indicator, the death cross.
Article's Key Points: Occidental's stock forms death cross ahead of Q2 earnings, signaling potential bearish momentum for investors. Despite bearish signals, Occidental's Q2 earnings report could change outlook for stock.
Article's Conclusion: The article ends by stating that the upcoming earnings report will be crucial in determining the stock's future trajectory and that Occidental's performance will be closely monitored by investors.

Summary (6 points):
1. Occidental Petroleum's stock forms a death cross, a bearish technical indicator, before its Q2 earnings report.
2. The stock is trading below its short-, medium-, and long-term moving averages and other technical indicators show a strong bearish trend.
3. The earnings report could be a turning point for the stock, as it could provide the necessary catalyst for a turnaround or further intensify the downward trend.
4. Occidental is one of Warren Buffett's major holdings, and its performance will be closely watched by investors.