We have a nice intraday reversal off the lows with large quick moves to the upside. This is the move that can stick so long as oil can hang on to gains intraday. The sentiment is downright horrible and the losses to begin the year have been staggering.
The runner screen is locked and loaded with long ideas, have a look at today’s screen here: CLICK HERE
$XLE leads the way here ,with $IBB right behind, two good signs for the bulls. Here are the leading industries on the day, with Dr. Copper out in front. $FCX at $4 anyone?
I dabbled – $FCX at 3.96 this AM, quite the roller coaster so far we’ll see how this one plays out
Picked up some of the worst offenders for some mean reversion. APC, COP and FCX.
“Rip Your Face Off” Rally Coming?
http://www.zerohedge.com/news/2016-01-14/if-was-2016s-bullard-sticksave-moment-here-what-happens-next
It’s coming
Loaded the boat today with longs. Now 130% invested. Let the rally begin.
Getting close to finally suggesting it’s safe for Devildog to implement the strategy.
Took some IBB and FB – next HES
30Bbl is the most important number in the world right now. <30 and the market tanks.
Back up to 40 and we see a monumental rip to the upside.
(Shale costs $9Bbl to bring out of the ground).
I wanted that 92 print in $FB and missed it today. perfect bounce off the 200 day MA