Wednesday, July 16, 2008

Financils and Oil

The financials are catching a big move on some decent eps from WFC. The question is, will it hold this time? Maybe today it will. I'm having chart problems but here is a chart of XLE. This pattern has usually been good to me. It looks like a short here.


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.