CLICK ON CHART TO ENLARGE Oil stocks have not followed the recent rally in Crude Oil! If Crude turns south up here against resistance, Oil stocks could get fall very hard!!!
CLICK ON CHART TO ENLARGE The Dollar decline/Euro rally of late has helped push Crude Oil and Oil stocks up against what could be very important resistance. Due to the situation in the Euro right now, this resistance should be respected more than normal! Aggressive investors could get “Treated” pretty well by shorting Crude oil [...]
On 2/24 I mentioned that rear view mirror investing was rather easy, seeing around the corner/what lies ahead, is a little tougher. Yet if we can find tools to help us with the direction of future price movements, it can be very beneficial to our portfolios. I discovered over 15-years ago that the “Power of the [...]
CLICK ON CHART TO ENLARGE Game Plan…am currently overweight the energy complex, long OIH and XLE. Keep a 4% stop on these positions. As relative strength continues (see post here) If the dollar should bounce off of support, I will lower this stop or harvest! FYI- For some, OIH is too large of a position at [...]
Charts suggested to buy Oil Drillers ETF (OIH) last week (see post here) . In the chart below, Drillers (OIH) and Oil Stock ETF (XLE) have both broken channel resistance of late and are attempting to reach the next level of channel resistance. CLICK ON CHART TO ENLARGE These two started reflecting relative strength almost two [...]
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