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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

The Public Has Spoken

RaginCajun Mon Apr 13, 2015 11:44pm EST 7 Comments

Albeit a small sample size, the public has spoken and they believe oil will trade higher over the next month. My polls have an uncanny success rate, so please don’t bet against them. Need I remind you that this is not MSN money, so don’t make that mistake.

Screen Shot 2015-04-13 at 10.25.38 PM_____

If oil can crack $54, things will get fun for the bulls as we begin to enter thin pockets of air above. However, one more pullback down to $48 may be necessary, which will create a perfect little inverse head and shoulders heading into the summer driving season.

Below $48, and I will admit defeat. Top idea continues to be oil.

Screen Shot 2015-04-13 at 10.37.43 PM

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7 comments

  1. MSGT HARTMAN
    MSGT HARTMAN
    April 14, 2015 at 12:18 am

    Bought CAT.

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  2. MSGT HARTMAN
    MSGT HARTMAN
    April 14, 2015 at 12:19 am

    Now stalking FB, TWTR, LNKD

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  3. duckkell
    duckkell
    April 14, 2015 at 7:49 am

    UWTI – added mmoar!!

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  4. matt_bear
    matt_bear
    April 14, 2015 at 9:16 am

    oil is becoming a real time lesson in how trading and investing is so difficult with regards to managing fear and greed.

    While I bought *some* oil stocks at cheap prices, it’s not nearly enough. Worried about it going lower, and now faced with the choice of chasing or passing on it.

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  5. Bchu
    Bchu
    April 14, 2015 at 10:53 am

    Matt – why not just short oil up here

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