Oil leads this morning with $XLE and $OIH outperforming, even $TAN is up over 1% here. We can start to make a case for an inverse head and shoulders here for oil so long as the $46 level holds. $UWTI holders, this is my level, should we fall back below $46, I will take my loss and never talk oil again. Here are some other leading industries this morning:
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As for today’s runner screen, we have a bunch: CLICK HERE
Tickers on interest include: RIG, FEYE, OAS, DNR, GPRO, BTU, YELP, SN, DDD, BAS, BBG, KING, LOCO, ECR, VJET
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RC, im holding my breadth. >.>
You in the DNR with us, looks great here. No need to hold breath. Position size accordingly. Regardless, things are looking good here.
just wanted to use breadth. haha.
Im not in DNR, i have too big of a position in UWTI at the moment to justify adding more exposure to oil
gotcha
Tickers on interest include: RIG, FEYE, OAS, DNR, GPRO, BTU, YELP, SN, DDD, BAS, BBG, KING, LOCO, ECR, VJET
I would not touch oil until week get weekly swing low.
already in, have no choice. Giddy up.
FXCM limit buy at 1.34 long 1k shares yesterday. Best trade I never, but almost made. Almost counts…….right?
Damn.
I like the way you think. Just sold TZA for tiny profit to join you on UWTI. Ya man – Giddy Up.
Weekly reversal bar last week WTI-nice call
My thesis will change should $46 give way.
sold $RGLS @ 18.35, -.12
Also scaled some GERN +.15
Not feeling the bios.
UWTI initiated a position today at $2.90. Seems like a good place to be.