Buy UCO when Crude breaks above 107. Classic reversal on the falling wedge. I closed my oil short from my short oil recommendation last week.
Tuesday, August 20, 2013
Thursday, August 15, 2013
5 Picks of the Day Today
Here are five very interesting picks that hit my screens today. Home Builders came on, and I understand the call activity in the builder ETF's was very high. That smells like more QE coming, not a taper. Enjoy.
Tuesday, August 13, 2013
Shorting Oil
I was long crude until I got my RSI crossover at 3 am and reversed short. At the open I closed all my energy names I was in as this pattern looks bearish to me. Looking at the hourly, we could be kissing the underside of this rising wedge. My stop is on a recross of the RSI and moving average.
Monday, August 12, 2013
Thursday, August 8, 2013
Wednesday, August 7, 2013
Tuesday, August 6, 2013
Monday, August 5, 2013
Sunday, August 4, 2013
Saturday, August 3, 2013
Friday, August 2, 2013
Thursday, August 1, 2013
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