Posted by DigiNomad on 10th of Aug 2023 at 02:37 pm
Crude and XLE still trading above their respective 9 EMA's.
Seems a bit premature to pull the ripcord and go short...no?
No cross on the BPENER yet, etc. I could see (and
have) sold some calls at these levels, but outright
short...nah...not yet.
Posted by fredsaid on 10th of Aug 2023 at 03:06 pm
Not worried.. will just keep adding. PSX is ahead of
itself. Should see a day when it's down 4-6 points in the
near future which will be the start of a deeper decline.
Crude and XLE still trading
Posted by DigiNomad on 10th of Aug 2023 at 02:37 pm
Crude and XLE still trading above their respective 9 EMA's. Seems a bit premature to pull the ripcord and go short...no? No cross on the BPENER yet, etc. I could see (and have) sold some calls at these levels, but outright short...nah...not yet.
Not worried.. will just keep
Posted by fredsaid on 10th of Aug 2023 at 03:06 pm
Not worried.. will just keep adding. PSX is ahead of itself. Should see a day when it's down 4-6 points in the near future which will be the start of a deeper decline.
Correct - just hedges (or
Posted by steve on 10th of Aug 2023 at 03:01 pm
Correct - just hedges (or scalps) but I did sell some more energy longs