Check your OIL

Kubnal
Desai
February 22, 2010
How to trade stocksbows-opengraphTrading-Watch-List

OIL been rip roaring with recent market runup.  Our moustached frenemies overseas are padding their coffers last 2 weeks on oversold technicals, US market roaring back, Israel/Lebanon tensions (whats new)

Lot of oil/gas stocks broke out already. Numerous others are near breakout or right on their bottom. I will play oil strenght in 2 ways. Stocks that are about to breakout or stocks right on bottom (near support in case oil turns).  Word of Caution oil is shorterm overbought.  Be swift

Out of these stocks IOC and CRR are shorts if oil turns.  Both are “Bear Flagging” right under resistance

        
Subscribe to newsletter
By subscribing you agree to with our Privacy Policy.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Share