During this week’s technical analysis of more than 500 sector and ETF charts, The Correct Call has possibly identified a couple of emerging trends. In all likelihood, the one that will fetch the most headlines and the boldest print is what looks like an impending rally in oil. We see a short term rise in oil prices as highly probable due to oil’s rapid decline and a recent technical buy signal.

Traders looking to initiate a diversified position might consider investing a few dollars in PowerShares DB Oil Fund (DBO) and for double the fun ProShares Ultra Oil & Gas (DIG).

Another sector’s chart that passed out technical analysis test is Aerospace. Investors can possibly profit from owning iShares Dow Jones Aerospace & Defense Index ETF (ITA). Hopefully this bodes well for our readers who took advantage of our Goodrich (GR) buy recommendation.

Style wise, value is still in; now large cap value has been joined by its cousins small and mid cap value stocks. Two ETFs appear poised to move higher for value investors: iShares Small Value Index (JKL) and iShares Mid Value Index (JKI).

We have identified one Oil Stock and one Trading Earning idea for our subscribers in today’s Investment Calendar. If you are not a subscriber, you can download the research reports here.