OIL & OIL Related Names…Trade Alert!!

I’m seeing Green!!!

The Oil risk is now skewed to almost 50-50 for either 6 bucks up or 6 bucks down from here. I still believe we’ll see higher prices, however we are going to reduce our weighting to 15% in the Oil Futures and related ETF’s.

That means we are selling 50% of our remaining Longs  ” Oil…USO…XLE.. OXY..Just before the NYSE closes. Again, Traders choice…Now or later we will be down to a 15% long exposure.

Leave the Euro short alone…

 

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