iBankCoin
Joined Jan 27, 2008
7,162 Blog Posts

What A Day To Own Oil

I got a lot of flack for going long oil the other week as prices were deflated. People were tossing out $SLB like it was a OTC pink sheet, all while yielding 7%. How about $APA? Right after the huge $APC deal and the fight for rights in the Permian Basin, $APA was thrown out in the trash can, at one point it was sub $20. These are two names I thought you had to buy, and today we were greatly rewarded. See my trade alerts in Exodus:

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As you can imagine our momentum screen is loaded with oil and gas plays after the day we had in the commodity, here is the screen at the close: CLICK HERE FOR CHARTS

From today’s screen, here are some charts to watch for Tuesday’s trading session:

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