Oil/energy stocks are at it again! Last night I noticed huge
postive divergences for stocks like XOM, etc. For the past two days
i took positions (Calls) in XOM, COP, PBR, XTO, CVX, OXY and EOG
(these are the best postioned to rally) and all of them have taken
off big time (OXY up $5 -- AUG 80 call is up 133% today ---
yipppeee!)
Perhaps its time that big money is rotating back into oils.
Comments?
sniper - good job! we've been
pointing out the falling channel with positive divergence on XLE
and DIG since last week, so hopefully more here than just you
bought some of these stocks :)
Oils at it again!
Posted by sniper on 30th of Jul 2008 at 02:55 pm
Oil/energy stocks are at it again! Last night I noticed huge postive divergences for stocks like XOM, etc. For the past two days i took positions (Calls) in XOM, COP, PBR, XTO, CVX, OXY and EOG (these are the best postioned to rally) and all of them have taken off big time (OXY up $5 -- AUG 80 call is up 133% today --- yipppeee!)
Perhaps its time that big money is rotating back into oils. Comments?
DIG 60 min chart.png sniper -
Posted by matt on 30th of Jul 2008 at 03:05 pm
sniper - good job! we've been pointing out the falling channel with positive divergence on XLE and DIG since last week, so hopefully more here than just you bought some of these stocks :)
DIG
Posted by finam on 30th of Jul 2008 at 04:01 pm
Matt: Are you going to put DIG on the watch list so that we can follow the notes above?
Thanks, FinaM
Well, if you want? I
Posted by matt on 30th of Jul 2008 at 04:02 pm
Well, if you want? I wish I had put it on there previously, but I can. one target might be that 38.2% Fib at 98