Thursday, August 10, 2006

Strategies on Oil stocks


When the oil numbers come out, you want to be on the same side of XLE or similiar sector stocks 30min later. Some good volatile stocks this works on is DVN and APC. The last couple of times the numbers came out we chopped around for 30min, and then broke out and trended up all day. So keep a note when the numbers are due. You want to be on the same side of the trade 30min after the announcement for a high probability of good trending action.

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