Crude oil confirms bullish buy signal ; Long on XLE, OIH, SLB, XOM
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comments:
Anonymous
said...
consider HOU on the toronto stock exchange as well... I have been trading it for a year, moves well with bullish oil btw first time poster but i read your blog almost every day...thanks...
HOU is terrible for bullish oil. Check the charts. Unless we have a $20+ run in oil in a months time HOU is a near garbage investment. I Would be more inclined to buy HOD as it doesn't take much to make a profit there when oil goes down. Oil seasonality is near finished.
Lee Yes you are absolutely correct about it being garbage investment... I did not make myself clear, I meant as a quick trading tool when oil turns bullish. I never hold it for long, I bought some at 5.7 or so a couple of weeks back and will sell soon I do also trade the HOD when there has been a big run up in oil. Anyway just to be clear I only suggest these as very quick trading tools, absolutely NOT investment tools cheers
3 comments:
consider HOU on the toronto stock exchange as well... I have been trading it for a year, moves well with bullish oil
btw first time poster but i read your blog almost every day...thanks...
HOU is terrible for bullish oil. Check the charts. Unless we have a $20+ run in oil in a months time HOU is a near garbage investment. I Would be more inclined to buy HOD as it doesn't take much to make a profit there when oil goes down. Oil seasonality is near finished.
Lee
Yes you are absolutely correct about it being garbage investment... I did not make myself clear, I meant as a quick trading tool when oil turns bullish. I never hold it for long, I bought some at 5.7 or so a couple of weeks back and will sell soon
I do also trade the HOD when there has been a big run up in oil.
Anyway just to be clear I only suggest these as very quick trading tools, absolutely NOT investment tools
cheers
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