Short setups are plentiful at the moment, there are so many taking place it has me worried about where we are headed in the next few weeks. There’s no shortage in the oil & gas sector, just about everywhere you look you will find a breakdown. Here are a few that have peaked my interest:
Hess Corp. [[HES]]
XTO Energy Inc. [[XTO]]
PetroQuest Energy, Inc. [[PQ]]
That PQ looks like a textbook short.
True. PQ is begging to get hit with the homo hammer.
sure does, I will take the trade on further weakness.
I am happy as I went short crude via DTO yesterday but I do think energy is headed much lower in the next few weeks at least.
I’m looking for serious selling in BOOM over the next few weeks.
I’m watching this with interest too. What are thinking would be a good point to get in again, or are you short now?
thanks for your good work, Ragin!
p.s. piqued my interest.
Most Energy sector names were like XTO today… Even coal tickers were sucking wind =/
We’ll see what the deal is on Monday. The new Energy Bill is going to knock down these oil and coal tickers down a tad IMO.
My gym just announced it’s lease was bought out by landlord (for $1 mil) who sold building. Now I have to find a new gym.
Too bad you’re not around Philadelphia.
Happy 4th!