iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,452 Blog Posts

Oil Had a Nice Run — But It’s Going to End Soon

Independent oil and gas stocks rose by 5.3% over the past week, 10x the return of the SPY. While that’s all well and good; and we certainly do appreciate the gravitas emanating out of Houston; all of that is going to end — and in fairly short order.

The Exodus oscillator is screaming sell, so you ought to do it.

Have a great weekend and enjoy the revolution.

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12 comments

  1. badduck

    I thought overbought was bullish?

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    • cancel19

      That’s the part I don’t get. Sometimes it does and sometimes it doesn’t.

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  2. joyous__ending

    It said Sell in September?!

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  3. aj

    Sell means buy

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  4. it is showtime

    badduck & aj
    Have game? Anything other than 2015 era wack cliches?

    joyous
    Choo-choo

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  5. it is showtime

    Fly “c’mon”

    unemployment goes up at the start of a normal or healthy recovery. i call. pos.
    https://www.bloomberg.com/news/articles/2017-11-03/record-number-of-americans-left-jobs-for-sidelines-in-octoberA Record Number of Americans Left Jobs for Labor-Force Sidelines in October

    5.2 MILLION
    “disappeared”
    the biggest number since the series started in 1990

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  6. acehood

    This is up to the Saudis, not Exodus.

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  7. heckler

    What’s it say for TAN?

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    • moosh

      Be carefull homie. Check out $TAN top holdings and refresh often. Lots of the China names get up there. I got stopped out a couple years ago on hanergy something or other being halted for infinity

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  8. moosh

    Shit, that chart looks like a vagina slingshot pattern. Some house of saud with an extra side of ipo to sell.

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    • moosh

      I’m still flummoxed on why people try to trade the earl, when there is perfectly good h2o just sitting there…

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  9. blackgld

    Off topic. I couldn’t believe it when my 70 yr old mother just asked me to help her open a coinbase account so she can buy one bitcoin. She was listening to Glenn Beck during the week and he went into why it’s now time to buy it. He missed out over the years when he says he didn’t understand it. This has made me think about selling all my bitcoins. Way too many people are getting into it and have no clue what they are buying. I just looked and the S&P500 was 4 in 1872. Bitcoin was at 4 in 2012.

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