On the Verge

June 9th, 2008 | Categorized in Financial Markets

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.

PCZ 060908

What are you looking at?

More on this topic (What's this?)
The Recent Oil Price Rise Will Slow or Stop (Jim Kingsdale's Energy Investmen..., 6/15/09)
Gold climbs to $1250, Oil at $200 (Investment U, 5/26/09)
The Outlook for Oil (Jim Kingsdale's Energy Investmen..., 6/1/09)
Read more on Oil Prices, Petro-Canada at Wikinvest

Filed Under: Financial Markets

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