Short-Term Energy Bounce?
As the outset, I’ll say I think oil is heading much lower, but for the moment, it seems energy stocks are………dare I use the word?………..oversold. I at least wanted to point out this mildly-interesting chart of the triple-bullish ETF symbol ERX, which is nestled on a supporting trendline.
(Click on image to enlarge)
As for my portfolio in general, the jury is still out about whether my lightening up this morning was wise or foolish. I remain short at about 100% of my portfolio’s value, but the difference is that I came into the day 200% short.
Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
