Coal is weak, oil is weak, agriculture is weak so far. If this theme continue I will getting short these groups via etf or individual names. Here is a list of favorites:
MEE, APA, MOS, POT, DUG, JRCC, XME
I'm not seeing indications on steel yet but I would think they trend lower. Remember UAUA? --it should run today. Over $10.50 breaks out, don't chase, wait for pullbacks.
Friday, August 8, 2008
Let's Go Get Em
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About Me
- upsidetrader
- 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.
4 comments:
rawwhy DUG and not DTO? i'm in DTO and it consistently out performs DTO with regard to crude.
I AGREE -DUG ISNT A PURE PLAY ON CRUDE-BUT IF THE SECTOR COMES DOWN WITH THE PRICE OF OIL --DUG CAN DO VERY WELL--UNFORTUNATLY XOM and CVX up today
i see your point. my intent was just a straight oil play. btw i like your content. straight, intelligent, and to the point.
kigol
thanks much and thanks for visiting
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