Update 1:17 est – Volume was weak on the uptrend, and picked up heading downwards. I eventually got stopped out as oil moved downwards. Time for the next play.
It seems that has oil goes, so does this current market. The key is to find those stocks that react inversely to this. I’m on the hunt.
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A quick look at what I’m looking at.
There has been lots of talk about oil. If Petro-Canada (PCZ) could just PUSH past 60, then lets see it ride hopefully. Take what I can get before day end.
What are you looking at?
More on this topic
(What's this?)
The Five Factors Moving Oil Prices This Year
(Investment U, 1/10/12)
2012 Oil Price Outlook: How to Profit From $150 Oil
(Money Morning, 1/6/12)
The Keystone Oil Pipeline: Rejected and Revived
(Wall Street Daily, 1/30/12)