In order for the S&P to get out of this slump it will need help from the energy sector.
Looks like sellers are pricing in a rare possibility of an offshore drilling hault.
Doubt it happens, but nonetheless OIH and components are severely broken. OIH is now in the process of putting in a yearly cycle low. Once this selling pressure subsides, GET SOME.
I'd be very surprised if OIH went below $87.
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Hi tenyear
ReplyDeleteWhat a bad day for bull today.What is your thoughts on next week or rest of this month?I don't like to short either.Can you share what to go long on?
Thanks Tenyear
Precious metals and miners continue to lead.
ReplyDeleteGLD
SLV
GDX
GDXJ
etc...
Hi tenyear
ReplyDeleteMissed your call on MGM and OIH.MGM still buy here?Your comments on market is 10 times better than any other,even Tim Knight .
Thanks