Check your OIL | Bulls on Wall Street

Check your OIL

 
OIL been rip roaring with recent market runup.  Our moustached frenemies overseas are padding their coffers last 2 weeks on oversold technicals, US market roaring back, Israel/Lebanon tensions (whats new)
 
Lot of oil/gas stocks broke out already. Numerous others are near breakout or right on their bottom. I will play oil strenght in 2 ways. Stocks that are about to breakout or stocks right on bottom (near support in case oil turns).  Word of Caution oil is shorterm overbought.  Be swift
 
Out of these stocks IOC and CRR are shorts if oil turns.  Both are “Bear Flagging” right under resistance
 
 
 
 
 
 
        
1
 

Leave a Comment