3309 Drysdale Ct
Edwardsville, IL 62025
OIL stocks are acting much better this a.m. after a reversal in
OIH and many others like NINE too. Earnings too helped last night
on a big OIL company. It was CVX and 75 billion repurchase program
AAII Sentiment bulls dropped and are about 7 percent below their
historical average for the year
Key Takeaways Mark Newton
NINE is bouncing again well. Finished last RIG covered at
Got lucky closed out BOIL 9.00 UNG 10.09. Shorted RIG at
6.45 and covered most 6.35 and 6.34.
Thanks for look at NINE
Take another very small trade BOIL 8.85 UNG 10
NINE is finally showing some strength glad I covered my short at
Shorted NINE 12.89 covered half 12.60 . Shorted RIG
Yes they all have bounced nicely off of the lows.
OIL stocks have perked up for now.
Boy OIH NINE OXY RIG SLB all acting poorly, and
they were former safety trades and leaders. Who will lead now that
TECH is weakening.?
Sold rest of BOIL 9.12 UNG 10.16 Do not like the
That is why I took half off on sharp bounce up.
Mark Newton on CNBC last evening and discussed Presidential
cycles and said this quarter will be the strongest of the four-year
cycle. Unfortunately, he was confident before MSFT lower forecast
for next quarter.
Took half off UNG 10.17 BOIL 9.12 I take singles and
Bought BOIL 8.90 and UNG at 10.00
Yup and it snapped back up to 6.27 area after.
Yes my brother use to be in Oil drilling when we lived in
Bakersfield Ca. And as a result we went through many booms and
busts. I have been around the block
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